Tower Semiconductor Ltd. $TSEM Shares Sold by State of Wyoming

Key Points

• The State of Wyoming reduced its stake in Tower Semiconductor Ltd. by 5.4% in Q1, now holding 80,218 shares valued at approximately $2.86 million.
• Several hedge funds have increased or acquired stakes in Tower Semiconductor, with 70.51% of the stock now owned by institutional investors.
• Tower Semiconductor reported $0.41 EPS for the last quarter, missing the consensus estimate of $0.47, despite revenues exceeding expectations at $372.06 million.

State of Wyoming reduced its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,218 shares of the semiconductor company's stock after selling 4,582 shares during the quarter. Tower Semiconductor accounts for 0.4% of State of Wyoming's holdings, making the stock its 19th largest position. State of Wyoming owned approximately 0.07% of Tower Semiconductor worth $2,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Tower Semiconductor by 2.4% during the first quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company's stock valued at $145,106,000 after acquiring an additional 93,868 shares in the last quarter. Point72 Asset Management L.P. raised its position in Tower Semiconductor by 21.0% during 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 acquiring an additional 653,191 shares in the last quarter. Jennison Associates LLC increased its position in shares of Tower Semiconductor by 2.3% in the first quarter. Jennison Associates LLC now owns 2,546,357 shares of the semiconductor company's stock valued at $90,803,000 after buying an additional 57,544 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Tower Semiconductor by 12.2% in the first quarter. Wellington Management Group LLP now owns 2,240,229 shares of the semiconductor company's stock valued at $79,887,000 after buying an additional 243,267 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Tower Semiconductor by 14.2% in the first quarter. Invesco Ltd. now owns 2,010,856 shares of the semiconductor company's stock valued at $71,707,000 after buying an additional 249,621 shares in the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on TSEM shares. Susquehanna set a $66.00 price objective on Tower Semiconductor and gave the company a "positive" rating in a research report on Tuesday, August 5th. Wedbush set a $65.00 price objective on Tower Semiconductor and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Benchmark restated a "buy" rating and issued a $66.00 price objective (up from $60.00) on shares of Tower Semiconductor in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $64.25.

Tower Semiconductor Price Performance

Shares of NASDAQ:TSEM traded down $1.98 during trading on Monday, reaching $58.82. The stock had a trading volume of 1,696,844 shares, compared to its average volume of 1,509,927. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.50 and a current ratio of 6.57. The business has a fifty day moving average price of $48.36 and a 200-day moving average price of $42.11. The stock has a market cap of $6.52 billion, a PE ratio of 33.80 and a beta of 0.86. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $61.64.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The firm had revenue of $372.06 million during the quarter, compared to analyst estimates of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The business's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.

Tower Semiconductor Company 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.