Tower Semiconductor Ltd. $TSEM Shares Purchased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Tower Semiconductor Ltd. by 84.5% during the first quarter, now owning approximately $7.83 million worth of shares.
• Despite reporting a miss on earnings per share at $0.41 for the latest quarter, Tower Semiconductor’s revenue rose by 6.0% year-over-year.
• Analysts have set a consensus price target of $64.25 for Tower Semiconductor, with several brokerages giving it a "Buy" rating and target prices in the range of $65.00 to $66.00.

Canada Pension Plan Investment Board boosted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 84.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,507 shares of the semiconductor company's stock after buying an additional 102,842 shares during the quarter. Canada Pension Plan Investment Board owned 0.20% of Tower Semiconductor worth $7,826,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Tower Semiconductor by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company's stock valued at $145,106,000 after purchasing an additional 93,868 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Tower Semiconductor by 21.0% in the 4th quarter. Point72 Asset Management L.P. now owns 3,758,574 shares of the semiconductor company's stock valued at $193,604,000 after purchasing an additional 653,191 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Tower Semiconductor by 2.3% in the 1st quarter. Jennison Associates LLC now owns 2,546,357 shares of the semiconductor company's stock valued at $90,803,000 after purchasing an additional 57,544 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Tower Semiconductor by 12.2% in the 1st quarter. Wellington Management Group LLP now owns 2,240,229 shares of the semiconductor company's stock valued at $79,887,000 after purchasing an additional 243,267 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Tower Semiconductor by 14.2% in the 1st quarter. Invesco Ltd. now owns 2,010,856 shares of the semiconductor company's stock valued at $71,707,000 after purchasing an additional 249,621 shares in the last quarter. Institutional investors and hedge funds own 70.51% of the company's stock.

Analyst Ratings Changes

TSEM has been the topic of a number of recent analyst reports. Wedbush set a $65.00 target price on shares of Tower Semiconductor and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Benchmark upped their target price on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research note on Monday. Finally, Susquehanna set a $66.00 price objective on shares of Tower Semiconductor and gave the company a "positive" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $66.00.

Tower Semiconductor Price Performance

Shares of Tower Semiconductor stock traded up $0.85 on Monday, hitting $64.06. The company had a trading volume of 178,705 shares, compared to its average volume of 816,168. The business has a 50-day simple moving average of $49.89 and a 200-day simple moving average of $42.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.57 and a quick ratio of 5.50. The company has a market cap of $7.10 billion, a PE ratio of 36.77 and a beta of 0.86. Tower Semiconductor Ltd. has a 52 week low of $28.64 and a 52 week high of $65.43.

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

Tower Semiconductor Company Profile

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.