173,430 Shares in Tower Semiconductor Ltd. $TSEM Acquired by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC has acquired a new stake in Tower Semiconductor Ltd., purchasing 173,430 shares worth approximately $6.2 million, representing 0.16% of the company.
• Several institutional investors increased their holdings or initiated new positions in Tower Semiconductor, with institutional ownership now at 70.51%.
• Analysts have a positive outlook on Tower Semiconductor, with multiple firms setting price targets around $66.00 and an average rating of "Buy" for the stock.

Granahan Investment Management LLC acquired a new stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 173,430 shares of the semiconductor company's stock, valued at approximately $6,185,000. Granahan Investment Management LLC owned approximately 0.16% of Tower Semiconductor as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSEM. TCTC Holdings LLC lifted its holdings in 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Tower Semiconductor during the first quarter valued at $39,000. Headlands Technologies LLC purchased a new position in Tower Semiconductor during the first quarter valued at $75,000. Caption Management LLC purchased a new position in Tower Semiconductor during the fourth quarter valued at $155,000. Finally, Magnetar Financial LLC lifted its holdings in Tower Semiconductor by 14.0% during the first quarter. Magnetar Financial LLC now owns 6,663 shares of the semiconductor company's stock valued at $238,000 after purchasing an additional 817 shares in the last quarter. 70.51% of the stock is owned by hedge funds and other institutional investors.

Tower Semiconductor Stock Down 0.4%

Shares of TSEM stock traded down $0.28 during trading on Tuesday, reaching $64.57. The company's stock had a trading volume of 1,169,557 shares, compared to its average volume of 823,681. 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 capitalization of $7.16 billion, a price-to-earnings ratio of 37.11 and a beta of 0.86. The stock's 50-day moving average price is $50.32 and its 200 day moving average price is $42.67. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $66.49.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The business had revenue of $372.06 million during the quarter, compared to analyst estimates 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 for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.