Tower Semiconductor Ltd. $TSEM Shares Sold by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. has reduced its stake in Tower Semiconductor Ltd. by 39.3%, selling nearly 99,000 shares and now owning approximately 152,697 shares valued at $5.45 million.
• Other institutional investors, including Point72 Asset Management and Menora Mivtachim Holdings, have also increased their holdings significantly, indicating strong institutional interest in the semiconductor firm.
• Tower Semiconductor reported a quarterly earnings per share of $0.41, missing estimates, yet noted a 6.0% year-over-year revenue growth with total revenue of $372.06 million.

Hodges Capital Management Inc. trimmed its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 39.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,697 shares of the semiconductor company's stock after selling 98,735 shares during the quarter. Hodges Capital Management Inc. owned about 0.14% of Tower Semiconductor worth $5,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSEM. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in Tower Semiconductor in the first quarter valued at approximately $33,211,000. Point72 Asset Management L.P. boosted its holdings in Tower Semiconductor by 21.0% in the fourth quarter. Point72 Asset Management L.P. now owns 3,758,574 shares of the semiconductor company's stock valued at $193,604,000 after purchasing an additional 653,191 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in Tower Semiconductor by 39.7% in the first quarter. Menora Mivtachim Holdings LTD. now owns 1,879,207 shares of the semiconductor company's stock valued at $67,013,000 after purchasing an additional 533,700 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Tower Semiconductor by 219.3% in the first quarter. Assenagon Asset Management S.A. now owns 641,105 shares of the semiconductor company's stock valued at $22,362,000 after buying an additional 440,314 shares during the last quarter. Finally, Shellback Capital LP purchased a new stake in Tower Semiconductor in the fourth quarter valued at approximately $21,261,000. 70.51% of the stock is owned by institutional investors and hedge funds.

Tower Semiconductor Price Performance

Tower Semiconductor stock opened at $66.02 on Friday. 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 business has a 50 day simple moving average of $51.63 and a 200-day simple moving average of $43.14. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $67.75. The stock has a market capitalization of $7.32 billion, a PE ratio of 37.94 and a beta of 0.86.

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

Analysts Set New Price Targets

TSEM has been the subject of a number of research reports. Benchmark boosted their price objective on Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research note on Monday. Wedbush set a $65.00 price objective on Tower Semiconductor and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Finally, Susquehanna set a $66.00 price objective on Tower Semiconductor and gave the company a "positive" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $66.00.

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.

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