Hodges Capital Management Inc. Reduces Holdings in Tower Semiconductor Ltd. $TSEM

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. decreased its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 39.3% in the 1st quarter, according to the company in its most recent Form 13F filing 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC increased its holdings in shares of Tower Semiconductor by 117.9% during the first quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 382 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Tower Semiconductor during the first quarter valued at approximately $39,000. Headlands Technologies LLC purchased a new position in shares of Tower Semiconductor during the first quarter valued at approximately $75,000. Squarepoint Ops LLC purchased a new position in shares of Tower Semiconductor during the fourth quarter valued at approximately $247,000. Finally, Cetera Investment Advisers purchased a new position in shares of Tower Semiconductor during the fourth quarter valued at approximately $249,000. Institutional investors own 70.51% of the company's stock.

Tower Semiconductor Stock Performance

Shares of NASDAQ TSEM traded up $2.32 during trading on Wednesday, reaching $68.03. 870,301 shares of the stock traded hands, compared to its average volume of 845,157. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $68.36. 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 company has a 50-day moving average of $52.85 and a 200-day moving average of $43.62. The stock has a market capitalization of $7.54 billion, a P/E ratio of 38.95 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 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 firm had revenue of $372.06 million for the quarter, compared to analysts' expectations of $371.63 million. During the same period in the prior year, the company earned $0.53 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. Tower Semiconductor has set its Q3 2025 guidance at EPS. Analysts forecast that Tower Semiconductor Ltd. will post 1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSEM. Susquehanna set a $66.00 target price on 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 Tower Semiconductor and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Benchmark lifted their target price on Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tower Semiconductor presently has a consensus rating of "Buy" and an average target price 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.