Cambiar Investors LLC Lowers Holdings in Tower Semiconductor Ltd. $TSEM

Key Points

• Cambiar Investors LLC reduced its stake in Tower Semiconductor Ltd. by 16.4%, selling 6,882 shares and bringing its total holdings to 35,038 shares valued at $1,249,000.
• Wall Street analysts have set a target price of $66.00 for Tower Semiconductor, with a consensus rating of "Moderate Buy" and evaluations indicating potential future growth.
• Tower Semiconductor reported earnings of $0.41 per share, falling short of the expected $0.47, but showed a 6.0% increase in revenue compared to the same quarter last year.

Cambiar Investors LLC lessened its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 16.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,038 shares of the semiconductor company's stock after selling 6,882 shares during the quarter. Cambiar Investors LLC's holdings in Tower Semiconductor were worth $1,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC boosted its position in Tower Semiconductor by 117.9% during the 1st quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 382 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tower Semiconductor during the 1st quarter valued at $39,000. Headlands Technologies LLC purchased a new stake in shares of Tower Semiconductor during the 1st quarter valued at $75,000. Caption Management LLC purchased a new stake in shares of Tower Semiconductor during the 4th quarter valued at $155,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Tower Semiconductor during the 4th quarter valued at $247,000. Institutional investors own 70.51% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TSEM. Wedbush set a $65.00 target price on Tower Semiconductor and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Susquehanna set a $66.00 price target on shares of Tower Semiconductor and gave the company a "positive" rating in a report on Tuesday, August 5th. Finally, Benchmark reaffirmed a "buy" rating and issued a $66.00 price target (up from $60.00) on shares of Tower Semiconductor in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Tower Semiconductor has a consensus rating of "Buy" and a consensus price target of $64.25.

Tower Semiconductor Price Performance

Shares of TSEM stock traded up $4.76 on Friday, reaching $54.73. 2,048,905 shares of the company were exchanged, compared to its average volume of 1,041,333. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 31.45 and a beta of 0.77. The business has a 50-day moving average price of $46.04 and a 200 day moving average price of $41.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.50 and a current ratio of 6.57. Tower Semiconductor Ltd. has a 1 year low of $28.64 and a 1 year high of $55.31.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The business had revenue of $372.06 million for the quarter, compared to analyst estimates of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The business's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.

About Tower Semiconductor

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.