Tower Semiconductor Ltd. $TSEM Stock Position Increased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Tower Semiconductor Ltd. by 2.4%, holding approximately 3.69% of the company, worth $145.1 million after acquiring 93,868 additional shares in the first quarter.
• Several institutional investors have also increased their positions, with TCTC Holdings LLC growing its stake by 117.9% during the same period, reflecting a trend of growing interest in Tower Semiconductor.
• Despite a quarterly earnings report that missed analyst expectations, Tower Semiconductor's revenue rose by 6% year-over-year, and analysts maintain a consensus "Buy" rating with a target price around $64.25.

Vanguard Group Inc. lifted its position in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,087,155 shares of the semiconductor company's stock after acquiring an additional 93,868 shares during the quarter. Vanguard Group Inc. owned 3.69% of Tower Semiconductor worth $145,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in Tower Semiconductor during the first quarter worth about $33,211,000. Point72 Asset Management L.P. grew 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 worth $193,604,000 after buying an additional 653,191 shares during the period. Assenagon Asset Management S.A. grew its position in shares of 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 purchasing an additional 440,314 shares during the last quarter. Shellback Capital LP acquired a new stake in shares of Tower Semiconductor in the fourth quarter valued at approximately $21,261,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Tower Semiconductor in the fourth quarter valued at approximately $17,056,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tower Semiconductor Trading Up 4.2%

NASDAQ:TSEM traded up $2.43 during trading hours on Tuesday, reaching $60.00. 4,126,651 shares of the company were exchanged, compared to its average volume of 1,203,796. The stock has a 50 day simple moving average of $46.80 and a 200 day simple moving average of $41.80. Tower Semiconductor Ltd. has a 52-week low of $28.64 and a 52-week high of $60.64. 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 firm has a market cap of $6.65 billion, a price-to-earnings ratio of 34.48 and a beta of 0.77.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share 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 analyst estimates of $371.63 million. During the same period in the previous year, the business posted $0.53 earnings per share. Tower Semiconductor'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. As a group, analysts predict that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

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.