Nuveen LLC Acquires Shares of 96,672 Tower Semiconductor Ltd. $TSEM

Key Points

• Nuveen LLC has purchased a new stake in Tower Semiconductor Ltd. valued at approximately $3.37 million, acquiring 96,672 shares.
• The semiconductor company reported earnings of $0.41 per share for the last quarter, which was below the expected $0.47, despite revenue being slightly above estimates at $372.06 million.
• Analysts have given Tower Semiconductor an average rating of “Buy” with a consensus target price of $64.25, reflecting optimism in its market performance.

Nuveen LLC acquired a new stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 96,672 shares of the semiconductor company's stock, valued at approximately $3,372,000. Nuveen LLC owned approximately 0.09% of Tower Semiconductor as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new stake in Tower Semiconductor during the 1st quarter valued at approximately $551,000. Wealth Enhancement Advisory Services LLC boosted its position in Tower Semiconductor by 8.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,715 shares of the semiconductor company's stock valued at $525,000 after acquiring an additional 1,138 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Tower Semiconductor during the fourth quarter valued at approximately $247,000. Fifth Third Bancorp lifted its holdings in shares of Tower Semiconductor by 18.0% during the first quarter. Fifth Third Bancorp now owns 9,885 shares of the semiconductor company's stock valued at $352,000 after purchasing an additional 1,509 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Tower Semiconductor during the fourth quarter valued at approximately $249,000. 70.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSEM. 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. Benchmark reiterated a "buy" rating and set a $66.00 target price (up from $60.00) on shares of Tower Semiconductor in a report on Monday, August 4th. Finally, 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $64.25.

Tower Semiconductor Price Performance

Tower Semiconductor stock traded down $1.98 during mid-day trading on Friday, hitting $58.82. The stock had a trading volume of 1,696,844 shares, compared to its average volume of 1,468,921. The firm has a market capitalization of $6.52 billion, a P/E ratio of 33.80 and a beta of 0.77. 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's 50 day moving average is $47.99 and its 200 day moving average is $42.08. Tower Semiconductor Ltd. has a one year low of $28.64 and a one year high of $61.64.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued 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). The firm had revenue of $372.06 million during the quarter, compared to the consensus estimate of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal 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.