The Manufacturers Life Insurance Company Has $28.59 Million Stock Holdings in Tower Semiconductor Ltd. $TSEM

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Tower Semiconductor by 7.8%, selling 67,817 shares to end the first quarter with 801,667 shares valued at approximately $28.6 million.
• A variety of institutional investors have increased their positions in Tower Semiconductor, with combined ownership by institutional investors and hedge funds reaching 70.51%.
• Following a recent earnings report, Tower Semiconductor's stock is currently rated as a "Buy" by several brokerages, with a consensus price target of $64.25.

The Manufacturers Life Insurance Company lessened its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 801,667 shares of the semiconductor company's stock after selling 67,817 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.72% of Tower Semiconductor worth $28,587,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Tower Semiconductor by 42.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,079 shares of the semiconductor company's stock valued at $416,000 after purchasing an additional 2,423 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Tower Semiconductor in the fourth quarter valued at approximately $1,650,000. Ameriprise Financial Inc. boosted its stake in shares of Tower Semiconductor by 2.8% in the fourth quarter. Ameriprise Financial Inc. now owns 161,847 shares of the semiconductor company's stock valued at $8,337,000 after buying an additional 4,457 shares during the period. Cetera Investment Advisers bought a new stake in shares of Tower Semiconductor in the fourth quarter valued at approximately $249,000. Finally, Caption Management LLC bought a new position in shares of Tower Semiconductor in the 4th quarter valued at $155,000. Institutional investors and hedge funds own 70.51% of the company's stock.

Analyst Upgrades and Downgrades

TSEM has been the topic of several recent analyst reports. Benchmark reiterated a "buy" rating and issued a $66.00 price target (up previously from $60.00) on shares of Tower Semiconductor in a research note on Monday, August 4th. Susquehanna set a $66.00 price target on Tower Semiconductor and gave the company a "positive" rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $65.00 price target on Tower Semiconductor and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $64.25.

Tower Semiconductor Trading Up 0.4%

NASDAQ TSEM traded up $0.24 on Friday, reaching $63.21. The company had a trading volume of 992,893 shares, compared to its average volume of 1,495,172. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 36.33 and a beta of 0.86. Tower Semiconductor Ltd. has a fifty-two week low of $28.64 and a fifty-two week high of $64.87. The business has a 50 day moving average of $49.89 and a two-hundred day moving average of $42.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.57 and a quick ratio of 5.50.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last posted 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 company had revenue of $372.06 million during the quarter, compared to analyst estimates of $371.63 million. Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Analysts forecast that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.