Tower Semiconductor Ltd. $TSEM Shares Bought by Voya Investment Management LLC

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of Tower Semiconductor by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,700 shares of the semiconductor company's stock worth $310,000 after purchasing an additional 350 shares in the last quarter. TCTC Holdings LLC raised its holdings in shares of Tower Semiconductor by 117.9% in the 1st quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 382 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tower Semiconductor by 5.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,577 shares of the semiconductor company's stock worth $703,000 after purchasing an additional 643 shares in the last quarter. Magnetar Financial LLC raised its holdings in shares of Tower Semiconductor by 14.0% in the 1st quarter. Magnetar Financial LLC now owns 6,663 shares of the semiconductor company's stock worth $238,000 after purchasing an additional 817 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in shares of Tower Semiconductor by 7.6% during the first quarter. Foundry Partners LLC now owns 12,223 shares of the semiconductor company's stock valued at $436,000 after acquiring an additional 868 shares during the period. 70.51% of the stock is currently owned by institutional investors.

Tower Semiconductor Stock Performance

Shares of TSEM opened at $66.04 on Friday. The company's 50 day moving average price is $52.01 and its 200 day moving average price is $43.30. Tower Semiconductor Ltd. has a 52 week low of $28.64 and a 52 week high of $67.75. The company has a market capitalization of $7.32 billion, a PE ratio of 37.95 and a beta of 0.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.50 and a current ratio of 6.57.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.41 EPS 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 analysts' expectations of $371.63 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. Tower Semiconductor has set its Q3 2025 guidance at EPS. Research analysts expect 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 issued reports on TSEM shares. Wedbush set a $65.00 price target on shares of Tower Semiconductor and gave the company an "outperform" rating in a report on Tuesday, August 5th. Susquehanna set a $66.00 price target on shares of Tower Semiconductor and gave the company a "positive" rating in a report on Tuesday, August 5th. Finally, Benchmark boosted their price target on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a report on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $66.00.

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.

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