Phoenix Financial Ltd. Sells 186,800 Shares of Tower Semiconductor Ltd. $TSEM

Key Points

• Phoenix Financial Ltd. has decreased its stake in Tower Semiconductor Ltd. by 4.9% during the second quarter, selling 186,800 shares to hold a total of 3,661,771 shares, which constitutes 2.3% of its portfolio.
• In its latest quarterly earnings report, Tower Semiconductor reported $0.41 earnings per share, missing estimates by $0.06, while revenues were up 6.0% compared to the same quarter last year.
• Analysts have a Moderate Buy average rating on Tower Semiconductor, with price targets ranging from $65.00 to $74.00, reflecting positive sentiment in the stock's potential performance.

Phoenix Financial Ltd. cut its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,661,771 shares of the semiconductor company's stock after selling 186,800 shares during the period. Tower Semiconductor accounts for 2.3% of Phoenix Financial Ltd.'s portfolio, making the stock its 11th largest holding. Phoenix Financial Ltd. owned 3.30% of Tower Semiconductor worth $169,456,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TSEM. TCTC Holdings LLC raised its position in Tower Semiconductor by 117.9% in 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 period. Caitong International Asset Management Co. Ltd bought a new position in Tower Semiconductor in the first quarter worth approximately $39,000. Headlands Technologies LLC bought a new position in Tower Semiconductor in the first quarter worth approximately $75,000. Blue Trust Inc. raised its position in Tower Semiconductor by 14.8% in the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company's stock worth $76,000 after acquiring an additional 227 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Tower Semiconductor in the second quarter worth approximately $228,000. 70.51% of the stock is currently owned by institutional investors.

Tower Semiconductor Price Performance

Tower Semiconductor stock opened at $75.44 on Tuesday. The firm has a 50-day moving average price of $64.59 and a 200-day moving average price of $49.39. The firm has a market capitalization of $8.36 billion, a PE ratio of 43.36 and a beta of 0.87. 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 Ltd. has a 12-month low of $28.64 and a 12-month high of $77.41.

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 net margin of 13.20% and a return on equity of 7.37%. The company had revenue of $372.06 million for the quarter, compared to the consensus estimate of $371.63 million. During the same quarter in the previous year, the business earned $0.53 EPS. The company's quarterly revenue 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 forecast that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on TSEM shares. Benchmark raised their price objective on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Weiss Ratings restated a "hold (c)" rating on shares of Tower Semiconductor in a research report on Wednesday, October 8th. Susquehanna set a $66.00 price objective on shares of Tower Semiconductor and gave the company a "positive" rating in a research report on Tuesday, August 5th. Wedbush set a $65.00 price objective on shares of Tower Semiconductor and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Barclays started coverage on shares of Tower Semiconductor in a research report on Thursday, September 18th. They set an "equal weight" rating and a $74.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $67.60.

About Tower Semiconductor

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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