Tower Semiconductor Ltd. $TSEM Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in Tower Semiconductor by 29.4%, now holding approximately 0.18% of the company valued at $7.04 million.
• Several other large investors, including Vanguard Group and Point72 Asset Management, increased their positions in Tower Semiconductor during the first quarter.
• Despite missing earnings expectations in its latest quarterly results, Tower Semiconductor reported a revenue increase of 6.0% year-over-year, and analysts have set price targets ranging from $65.00 to $66.00.

Russell Investments Group Ltd. reduced its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 29.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 197,332 shares of the semiconductor company's stock after selling 82,145 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Tower Semiconductor worth $7,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its stake in 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. Headlands Technologies LLC purchased a new stake in shares of Tower Semiconductor during the 1st quarter worth about $75,000. Caption Management LLC purchased a new stake in shares of Tower Semiconductor during the 4th quarter worth about $155,000. Squarepoint Ops LLC acquired a new stake in Tower Semiconductor during the 4th quarter worth approximately $247,000. Finally, Cetera Investment Advisers purchased a new position in Tower Semiconductor in the fourth quarter valued at approximately $249,000. Institutional investors and hedge funds own 70.51% of the company's stock.

Tower Semiconductor Stock Up 5.2%

Tower Semiconductor stock traded up $2.84 during midday trading on Monday, hitting $57.57. 2,091,720 shares of the stock were exchanged, compared to its average volume of 1,128,350. Tower Semiconductor Ltd. has a 1 year low of $28.64 and a 1 year high of $57.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.57 and a quick ratio of 5.50. The firm has a market cap of $6.38 billion, a P/E ratio of 33.09 and a beta of 0.77. The company has a 50 day moving average price of $46.38 and a two-hundred day moving average price of $41.67.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSEM. Susquehanna set a $66.00 price target 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 target price on shares of Tower Semiconductor and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Finally, Benchmark reaffirmed a "buy" rating and set a $66.00 price target (up from $60.00) on shares of Tower Semiconductor in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Tower Semiconductor presently has a consensus rating of "Buy" and an average target price of $64.25.

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.