Voya Investment Management LLC Acquires 285,471 Shares of Tower Semiconductor Ltd. $TSEM

Key Points

• Voya Investment Management LLC increased its stake in Tower Semiconductor Ltd. by 45.1%, owning a total of 918,068 shares valued at approximately $32.7 million.
• Tower Semiconductor reported a 0.41 EPS for the last quarter, falling short of analyst expectations, but its revenue of $372.06 million exceeded forecasts.
• Several analysts have set new price targets for Tower Semiconductor, with ratings ranging from $65.00 to $73.00, reflecting a consensus rating of "Buy".

Voya Investment Management LLC boosted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 45.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 918,068 shares of the semiconductor company's stock after acquiring an additional 285,471 shares during the period. Voya Investment Management LLC owned 0.83% of Tower Semiconductor worth $32,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Tower Semiconductor by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company's stock valued at $145,106,000 after purchasing an additional 93,868 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Tower Semiconductor by 2.3% during the 1st quarter. Jennison Associates LLC now owns 2,546,357 shares of the semiconductor company's stock valued at $90,803,000 after purchasing an additional 57,544 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Tower Semiconductor by 12.2% during the 1st quarter. Wellington Management Group LLP now owns 2,240,229 shares of the semiconductor company's stock valued at $79,887,000 after purchasing an additional 243,267 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Tower Semiconductor by 14.2% during the 1st quarter. Invesco Ltd. now owns 2,010,856 shares of the semiconductor company's stock valued at $71,707,000 after purchasing an additional 249,621 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Tower Semiconductor by 2.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,985,110 shares of the semiconductor company's stock valued at $70,789,000 after purchasing an additional 50,980 shares in the last quarter. Institutional investors own 70.51% of the company's stock.

Tower Semiconductor Stock Up 0.8%

Tower Semiconductor stock traded up $0.53 during trading hours on Thursday, hitting $68.33. The stock had a trading volume of 704,627 shares, compared to its average volume of 849,235. The company has a quick ratio of 5.50, a current ratio of 6.57 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $7.57 billion, a P/E ratio of 39.25 and a beta of 0.86. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $72.13. The stock's 50-day moving average price is $53.30 and its 200-day moving average price is $43.79.

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 (EPS) 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 analysts' expectations of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Tower Semiconductor Ltd. will post 1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TSEM shares. Benchmark lifted their target price on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Barclays assumed coverage on shares of Tower Semiconductor in a research note on Thursday. They set an "equal weight" rating and a $74.00 target price on the stock. Wedbush set a $65.00 price target on shares of Tower Semiconductor and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $67.60.

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.