Shellback Capital LP Sells 162,754 Shares of Tower Semiconductor Ltd. $TSEM

Key Points

• Shellback Capital LP reduced its position in Tower Semiconductor by 39.4%, now owning 250,000 shares worth approximately $8.9 million after selling 162,754 shares.
• Several institutional investors increased their stakes in Tower Semiconductor during the first quarter, including Amundi, which boosted its position by 86.8%.
• Tower Semiconductor's stock recently opened at $63.21, with a current market capitalization of $7 billion and analysts predicting an average price target of $64.25.

Shellback Capital LP reduced its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 39.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 250,000 shares of the semiconductor company's stock after selling 162,754 shares during the period. Shellback Capital LP owned approximately 0.23% of Tower Semiconductor worth $8,915,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Tower Semiconductor during the 1st quarter worth $551,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tower Semiconductor by 8.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,715 shares of the semiconductor company's stock worth $525,000 after acquiring an additional 1,138 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Tower Semiconductor during the 4th quarter worth $247,000. Fifth Third Bancorp lifted its holdings in shares of Tower Semiconductor by 18.0% during the 1st quarter. Fifth Third Bancorp now owns 9,885 shares of the semiconductor company's stock worth $352,000 after acquiring an additional 1,509 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Tower Semiconductor during the 4th quarter worth $249,000. 70.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TSEM shares. Susquehanna set a $66.00 price objective on shares of Tower Semiconductor and gave the stock a "positive" rating in a report on Tuesday, August 5th. Wedbush set a $65.00 price objective on shares of Tower Semiconductor and gave the stock an "outperform" 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 stock a "buy" rating in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $66.00.

Tower Semiconductor Trading Down 1.5%

Tower Semiconductor stock traded down $1.00 during mid-day trading on Friday, hitting $65.03. The company's stock had a trading volume of 448,407 shares, compared to its average volume of 835,554. 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 stock has a market cap of $7.21 billion, a price-to-earnings ratio of 37.37 and a beta of 0.86. The business has a 50 day moving average price of $51.63 and a 200-day moving average price of $43.14. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $67.75.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last posted 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). The business had revenue of $372.06 million during the quarter, compared to the consensus estimate 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 for the quarter 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. As a group, analysts forecast that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.