HighTower Advisors LLC Makes New Investment in Tower Semiconductor Ltd. $TSEM

HighTower Advisors LLC bought a new position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,678 shares of the semiconductor company's stock, valued at approximately $381,000.

A number of other institutional investors also recently bought and sold shares of TSEM. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in Tower Semiconductor during the first quarter worth about $33,211,000. Point72 Asset Management L.P. raised its stake in Tower Semiconductor by 21.0% during the fourth quarter. Point72 Asset Management L.P. now owns 3,758,574 shares of the semiconductor company's stock worth $193,604,000 after purchasing an additional 653,191 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of 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 acquiring an additional 440,314 shares during the period. Shellback Capital LP purchased a new stake in shares of Tower Semiconductor in the 4th quarter valued at approximately $21,261,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Tower Semiconductor in the 4th quarter valued at approximately $17,056,000. 70.51% of the stock is owned by hedge funds and other institutional investors.

Tower Semiconductor Stock Up 1.1%

Shares of TSEM stock traded up $0.71 during trading on Thursday, reaching $62.97. The company's stock had a trading volume of 1,140,121 shares, compared to its average volume of 819,123. 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 $6.98 billion, a price-to-earnings ratio of 36.19 and a beta of 0.86. The stock's 50-day moving average price is $49.11 and its 200 day moving average price is $42.38. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $63.55.

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 Analyst Weigh In

A number of equities research analysts have recently issued reports on TSEM shares. Wedbush set a $65.00 price target 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 company a "positive" rating in a research note on Tuesday, August 5th. Finally, Benchmark reissued a "buy" rating and issued a $66.00 price target (up from $60.00) on shares of Tower Semiconductor in a research note on Monday, August 4th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tower Semiconductor currently 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.