Deutsche Bank AG Acquires 9,476 Shares of Tower Semiconductor Ltd. $TSEM

Deutsche Bank AG boosted its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,467 shares of the semiconductor company's stock after purchasing an additional 9,476 shares during the period. Deutsche Bank AG owned approximately 0.13% of Tower Semiconductor worth $5,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSEM. Geode Capital Management LLC raised its stake in shares of Tower Semiconductor by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 94,666 shares of the semiconductor company's stock valued at $4,876,000 after acquiring an additional 819 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Tower Semiconductor by 42.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,079 shares of the semiconductor company's stock valued at $416,000 after acquiring an additional 2,423 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Tower Semiconductor by 13.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 64,577 shares of the semiconductor company's stock valued at $3,327,000 after acquiring an additional 7,717 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Tower Semiconductor during the fourth quarter valued at about $1,347,000. Finally, Mariner LLC raised its stake in shares of Tower Semiconductor by 6.7% during the fourth quarter. Mariner LLC now owns 8,485 shares of the semiconductor company's stock valued at $437,000 after acquiring an additional 533 shares during the last quarter. 70.51% of the stock is owned by institutional investors.

Tower Semiconductor Stock Performance

TSEM stock traded up $4.3150 on Friday, hitting $54.2850. The company had a trading volume of 768,374 shares, compared to its average volume of 745,631. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $55.31. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 31.12 and a beta of 0.77. The stock's 50-day simple moving average is $45.71 and its 200 day simple moving average is $41.69.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The business had revenue of $372.06 million during the quarter, compared to the consensus estimate of $371.63 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. The firm's revenue was up 6.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSEM has been the subject of several recent analyst reports. Wedbush set a $65.00 price objective on shares of Tower Semiconductor and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Susquehanna set a $66.00 price target on shares of Tower Semiconductor and gave the stock a "positive" rating in a research note on Tuesday, August 5th. Finally, Benchmark restated a "buy" rating and issued a $66.00 price objective (up previously from $60.00) on shares of Tower Semiconductor in a report on Monday, August 4th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $64.25.

Tower Semiconductor 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.