Menora Mivtachim Holdings LTD. Purchases 533,700 Shares of Tower Semiconductor Ltd. $TSEM

Key Points

• Menora Mivtachim Holdings LTD. increased its stake in Tower Semiconductor Ltd. by 39.7%, owning 1,879,207 shares worth approximately $67.01 million after acquiring additional shares in the first quarter.
• Tower Semiconductor reported earnings per share of $0.41, missing analysts' expectations of $0.47, but its quarterly revenue increased by 6% compared to the previous year, reaching $372.06 million.
• Analysts have set new price targets for Tower Semiconductor, with several firms advocating a "buy" rating and price objectives ranging from $65.00 to $66.00.

Menora Mivtachim Holdings LTD. increased its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 39.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,879,207 shares of the semiconductor company's stock after acquiring an additional 533,700 shares during the period. Menora Mivtachim Holdings LTD. owned about 1.70% of Tower Semiconductor worth $67,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC lifted its stake in shares of Tower Semiconductor by 117.9% in the 1st quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 382 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Tower Semiconductor during the 1st quarter worth approximately $39,000. Headlands Technologies LLC bought a new stake in Tower Semiconductor during the 1st quarter worth approximately $75,000. Caption Management LLC bought a new stake in Tower Semiconductor during the 4th quarter worth approximately $155,000. Finally, Squarepoint Ops LLC bought a new position in shares of Tower Semiconductor in the fourth quarter valued at approximately $247,000. Institutional investors own 70.51% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tower Semiconductor Stock Down 1.3%

Shares of TSEM stock traded down $0.63 during trading hours on Thursday, hitting $49.42. 511,626 shares of the company's stock traded hands, compared to its average volume of 743,023. The stock's fifty day simple moving average is $45.51 and its two-hundred day simple moving average is $41.68. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $55.31. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 28.40 and a beta of 0.77. The company has a quick ratio of 5.50, a current ratio of 6.57 and a debt-to-equity ratio of 0.05.

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). Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The firm had revenue of $372.06 million during the quarter, compared to analysts' expectations of $371.63 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Tower Semiconductor's revenue was up 6.0% on a year-over-year basis. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts expect that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.