Meitav Investment House Ltd. lifted its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,242,514 shares of the semiconductor company's stock after purchasing an additional 22,873 shares during the quarter. Tower Semiconductor comprises about 1.5% of Meitav Investment House Ltd.'s holdings, making the stock its 23rd biggest holding. Meitav Investment House Ltd. owned about 2.02% of Tower Semiconductor worth $97,247,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its position in shares of Tower Semiconductor by 117.9% during the first quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 382 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tower Semiconductor during the 1st quarter worth about $39,000. Headlands Technologies LLC purchased a new stake in shares of Tower Semiconductor during the 1st quarter worth about $75,000. Janney Montgomery Scott LLC purchased a new position in Tower Semiconductor in the 2nd quarter worth approximately $228,000. Finally, Magnetar Financial LLC boosted its holdings in Tower Semiconductor by 14.0% in the 1st quarter. Magnetar Financial LLC now owns 6,663 shares of the semiconductor company's stock worth $238,000 after acquiring an additional 817 shares during the period. Institutional investors and hedge funds own 70.51% of the company's stock.
Tower Semiconductor Trading Up 1.4%
Shares of NASDAQ TSEM opened at $73.79 on Tuesday. Tower Semiconductor Ltd. has a one year low of $28.64 and a one year high of $76.86. The business has a 50-day moving average price of $59.43 and a two-hundred day moving average price of $46.75. 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 firm has a market capitalization of $8.18 billion, a PE ratio of 42.41 and a beta of 0.87.
Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued 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 firm had revenue of $372.06 million during the quarter, compared to analyst estimates of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.Tower Semiconductor's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. As a group, analysts predict that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have weighed in on TSEM. Wedbush set a $65.00 price target on Tower Semiconductor and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Benchmark increased their target price on Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Susquehanna set a $66.00 target price on Tower Semiconductor and gave the company a "positive" rating in a research note on Tuesday, August 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Tower Semiconductor in a research note on Saturday, September 27th. Finally, Barclays assumed coverage on Tower Semiconductor in a research report on Thursday, September 18th. They set an "equal weight" rating and a $74.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $67.60.
View Our Latest Stock Report on Tower Semiconductor
Tower Semiconductor Profile
(
Free Report)
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.
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