Tower Semiconductor Ltd. $TSEM Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stake in Tower Semiconductor by 14.2% in the first quarter, now owning 2,010,856 shares valued at approximately $71.7 million.
• A number of institutional investors have recently adjusted their positions in Tower Semiconductor, with hedge funds collectively owning 70.51% of the company's stock.
• Analysts have a consensus rating of "Moderate Buy" for Tower Semiconductor, with price targets around $64.25 to $66.00.

Invesco Ltd. grew its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,010,856 shares of the semiconductor company's stock after buying an additional 249,621 shares during the quarter. Invesco Ltd. owned 1.81% of Tower Semiconductor worth $71,707,000 as of its most recent filing with the SEC.

A number of other large 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 1st quarter worth $33,211,000. Point72 Asset Management L.P. raised its position in Tower Semiconductor by 21.0% during the 4th quarter. Point72 Asset Management L.P. now owns 3,758,574 shares of the semiconductor company's stock worth $193,604,000 after buying an additional 653,191 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Tower Semiconductor by 219.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 641,105 shares of the semiconductor company's stock worth $22,362,000 after buying an additional 440,314 shares during the last quarter. Shellback Capital LP purchased a new position in Tower Semiconductor during the 4th quarter worth $21,261,000. Finally, Point72 Hong Kong Ltd purchased a new position in Tower Semiconductor during the 4th quarter worth $17,056,000. Hedge funds and other institutional investors own 70.51% of the company's stock.

Wall Street Analysts Forecast Growth

TSEM has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and set a $66.00 price objective (up previously from $60.00) on shares of Tower Semiconductor in a research report on Monday, August 4th. Wedbush set a $65.00 price target on shares of Tower Semiconductor and gave the stock an "outperform" rating in a research note 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $64.25.

Tower Semiconductor Price Performance

NASDAQ TSEM traded down $0.08 during trading hours on Thursday, reaching $49.97. The company's stock had a trading volume of 978,616 shares, compared to its average volume of 1,023,366. The stock has a market cap of $5.54 billion, a PE ratio of 28.72 and a beta of 0.77. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $55.31. The company's 50-day moving average is $45.71 and its two-hundred day moving average is $41.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.50 and a current ratio of 6.57.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.41 EPS 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%. Tower Semiconductor's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Analysts forecast that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.