Tower Semiconductor Ltd. $TSEM Shares Purchased by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. increased its stake in Tower Semiconductor Ltd. by 155.1%, acquiring an additional 10,519 shares to reach a total of 17,299 shares valued at $617,000.
• Several institutional investors have actively modified their holdings in Tower Semiconductor, with a significant investment of $33.2 million made by Mivtachim The Workers Social Insurance Fund Ltd. in the first quarter.
• Tower Semiconductor's stock decreased by 3.3% and reported earnings of $0.41 per share in its last quarterly report, missing analysts' expectations of $0.47 per share.

Maverick Capital Ltd. increased its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 155.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,299 shares of the semiconductor company's stock after purchasing an additional 10,519 shares during the quarter. Maverick Capital Ltd.'s holdings in Tower Semiconductor were worth $617,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in Tower Semiconductor in the 1st quarter valued at about $3,029,000. Magnetar Financial LLC increased its stake in shares of Tower Semiconductor by 14.0% during the first quarter. Magnetar Financial LLC now owns 6,663 shares of the semiconductor company's stock worth $238,000 after buying an additional 817 shares during the period. Canada Pension Plan Investment Board raised its holdings in Tower Semiconductor by 84.5% in the first quarter. Canada Pension Plan Investment Board now owns 224,507 shares of the semiconductor company's stock valued at $7,826,000 after acquiring an additional 102,842 shares in the last quarter. Shannon River Fund Management LLC raised its holdings in Tower Semiconductor by 9.8% in the first quarter. Shannon River Fund Management LLC now owns 1,192,713 shares of the semiconductor company's stock valued at $42,532,000 after acquiring an additional 106,822 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Tower Semiconductor in the first quarter valued at approximately $1,082,000. 70.51% of the stock is owned by institutional investors and hedge funds.

Tower Semiconductor Stock Up 0.4%

TSEM stock traded up $0.24 during trading on Friday, hitting $63.21. 992,893 shares of the company's stock were exchanged, compared to its average volume of 1,495,172. The business has a 50-day moving average price of $49.89 and a two-hundred day moving average price of $42.59. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 36.33 and a beta of 0.86. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $64.87. 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 (NASDAQ:TSEM - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $371.63 million. During the same quarter in the previous year, the firm earned $0.53 EPS. Tower Semiconductor's revenue for the quarter was up 6.0% compared to the same quarter last year. 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 EPS for the current year.

Analyst Ratings Changes

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

Tower Semiconductor Company 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.