Russell Investments Group Ltd. Decreases Stock Holdings in Tower Semiconductor Ltd. $TSEM

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. decreased its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 29.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,332 shares of the semiconductor company's stock after selling 82,145 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Tower Semiconductor worth $7,037,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Tower Semiconductor by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 94,666 shares of the semiconductor company's stock worth $4,876,000 after acquiring an additional 819 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Tower Semiconductor by 42.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,079 shares of the semiconductor company's stock worth $416,000 after purchasing an additional 2,423 shares during the period. Envestnet Asset Management Inc. lifted its position in Tower Semiconductor by 13.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 64,577 shares of the semiconductor company's stock valued at $3,327,000 after purchasing an additional 7,717 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Tower Semiconductor during the fourth quarter valued at $1,347,000. Finally, Mariner LLC grew its holdings in Tower Semiconductor by 6.7% during the fourth quarter. Mariner LLC now owns 8,485 shares of the semiconductor company's stock valued at $437,000 after purchasing an additional 533 shares during the period. 70.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Tower Semiconductor Price Performance

Shares of TSEM stock traded up $4.76 during mid-day trading on Friday, hitting $54.73. The company had a trading volume of 2,048,905 shares, compared to its average volume of 1,041,333. 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 stock's 50 day moving average price is $46.04 and its 200-day moving average price is $41.72. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $55.31. The company has a market capitalization of $6.07 billion, a P/E ratio of 31.45 and a beta of 0.77.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last posted 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 company had revenue of $372.06 million for 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 revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share 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.