Cubist Systematic Strategies LLC Acquires New Holdings in Tower Semiconductor Ltd. $TSEM

Key Points

• Cubist Systematic Strategies LLC invested approximately $3,029,000 in Tower Semiconductor Ltd. by purchasing 84,950 shares in the first quarter, representing about 0.08% of the company's stock.
• Several institutional investors including Mivtachim and Point72 Asset Management have increased their stakes in Tower Semiconductor, indicating strong interest from the investment community.
• Despite reporting an EPS of $0.41 which missed estimates, Tower Semiconductor's revenue increased by 6.0% year-over-year, showing growth potential in the semiconductor market.

Cubist Systematic Strategies LLC purchased a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 84,950 shares of the semiconductor company's stock, valued at approximately $3,029,000. Cubist Systematic Strategies LLC owned 0.08% of Tower Semiconductor at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Tower Semiconductor by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 8,700 shares of the semiconductor company's stock worth $310,000 after purchasing an additional 350 shares during the period. TCTC Holdings LLC boosted its stake in shares of Tower Semiconductor by 117.9% during the first quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 382 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tower Semiconductor by 5.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,577 shares of the semiconductor company's stock worth $703,000 after purchasing an additional 643 shares during the last quarter. Magnetar Financial LLC increased its stake in Tower Semiconductor by 14.0% in the 1st quarter. Magnetar Financial LLC now owns 6,663 shares of the semiconductor company's stock worth $238,000 after buying an additional 817 shares during the period. Finally, Foundry Partners LLC lifted its holdings in Tower Semiconductor by 7.6% during the 1st quarter. Foundry Partners LLC now owns 12,223 shares of the semiconductor company's stock valued at $436,000 after buying an additional 868 shares in the last quarter. 70.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. 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. Benchmark lifted their price target 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, Wedbush set a $65.00 price objective on Tower Semiconductor and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $66.00.

Tower Semiconductor Stock Down 2.4%

NASDAQ TSEM traded down $1.63 during trading on Thursday, reaching $66.02. 1,552,457 shares of the company's stock traded hands, compared to its average volume of 1,603,761. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $67.75. 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 firm has a market cap of $7.32 billion, a price-to-earnings ratio of 37.94 and a beta of 0.86. The company's 50 day simple moving average is $51.63 and its two-hundred day simple moving average is $43.14.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.41 earnings per share (EPS) 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 the consensus estimate of $371.63 million. Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. Tower Semiconductor's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast 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.