Tower Semiconductor Ltd. $TSEM Shares Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. increased its stake in Tower Semiconductor Ltd. by 83.1% in the first quarter, owning a total of 28,284 shares valued at approximately $1,009,000.
• Several institutional investors have recently modified their holdings, with TCTC Holdings LLC increasing its position by 117.9%.
• Equities analysts have given Tower Semiconductor a consensus rating of "Moderate Buy" with a target price of $64.25, reflecting positive sentiment in the market despite a recent earnings miss.

Fox Run Management L.L.C. boosted its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 83.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 28,284 shares of the semiconductor company's stock after acquiring an additional 12,836 shares during the quarter. Fox Run Management L.L.C.'s holdings in Tower Semiconductor were worth $1,009,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TSEM. Alliancebernstein L.P. grew its stake in Tower Semiconductor by 9.7% in the 4th quarter. Alliancebernstein L.P. now owns 19,482 shares of the semiconductor company's stock valued at $1,004,000 after acquiring an additional 1,729 shares during the period. Geode Capital Management LLC grew its stake in Tower Semiconductor by 0.9% in the 4th 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 period. Wells Fargo & Company MN increased its position 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 worth $416,000 after purchasing an additional 2,423 shares in the last quarter. Envestnet Asset Management Inc. increased its position 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 worth $3,327,000 after purchasing an additional 7,717 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Tower Semiconductor in the 4th quarter valued at $1,347,000. Institutional investors and hedge funds own 70.51% of the company's stock.

Tower Semiconductor Trading Down 0.6%

TSEM traded down $0.30 during mid-day trading on Thursday, hitting $49.75. 426,061 shares of the stock were exchanged, compared to its average volume of 742,580. The firm's fifty day moving average is $45.51 and its two-hundred day moving average is $41.68. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $55.31. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. The company has a market cap of $5.51 billion, a PE ratio of 28.65 and a beta of 0.77.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wedbush set a $65.00 target price on Tower Semiconductor and gave the company an "outperform" rating in a report on Tuesday, August 5th. Benchmark reiterated a "buy" rating and set a $66.00 price target (up from $60.00) on shares of Tower Semiconductor in a report on Monday, August 4th. Finally, Susquehanna set a $66.00 price target on Tower Semiconductor and gave the stock a "positive" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $64.25.

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.