Cubist Systematic Strategies LLC Invests $3.03 Million 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 acquired a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 84,950 shares of the semiconductor company's stock, valued at approximately $3,029,000. Cubist Systematic Strategies LLC owned approximately 0.08% of Tower Semiconductor as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSEM. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in Tower Semiconductor in the 1st quarter valued at $33,211,000. Point72 Asset Management L.P. lifted its holdings in 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. Menora Mivtachim Holdings LTD. lifted its holdings in Tower Semiconductor by 39.7% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 1,879,207 shares of the semiconductor company's stock valued at $67,013,000 after purchasing an additional 533,700 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Tower Semiconductor by 219.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 641,105 shares of the semiconductor company's stock valued at $22,362,000 after purchasing an additional 440,314 shares in the last quarter. Finally, Shellback Capital LP purchased a new position in Tower Semiconductor in the 4th quarter valued at $21,261,000. Hedge funds and other institutional investors own 70.51% of the company's stock.

Analyst Upgrades and Downgrades

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

Tower Semiconductor Trading Down 0.4%

Shares of NASDAQ TSEM traded down $0.28 during trading on Tuesday, hitting $64.57. 1,173,624 shares of the company were exchanged, compared to its average volume of 823,683. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $66.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.50 and a current ratio of 6.57. The company has a fifty day moving average price of $50.77 and a 200-day moving average price of $42.82. The firm has a market capitalization of $7.16 billion, a PE ratio of 37.11 and a beta of 0.86.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued 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 analysts' expectations of $371.63 million. Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Tower Semiconductor Ltd. will post 1.67 EPS for the current 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.