Vident Advisory LLC Reduces Stock Position in Tower Semiconductor Ltd. $TSEM

Key Points

• Vident Advisory LLC has reduced its stake in Tower Semiconductor Ltd. by 67.9%, selling 26,878 shares and now holding 12,724 shares valued at $454,000.
• Other institutional investors have increased their holdings in Tower, with Canada Pension Plan Investment Board boosting its position by 84.5% to 224,507 shares, valued at $7.83 million.
• Tower Semiconductor reported a quarterly earnings miss, posting $0.41 earnings per share against a consensus estimate of $0.47, while its revenue was $372.06 million, slightly exceeding analyst expectations.

Vident Advisory LLC decreased its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 67.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,724 shares of the semiconductor company's stock after selling 26,878 shares during the period. Vident Advisory LLC's holdings in Tower Semiconductor were worth $454,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TSEM. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new position in shares of Tower Semiconductor in the first quarter worth $33,211,000. Point72 Asset Management L.P. increased its stake in Tower Semiconductor by 21.0% in the 4th quarter. Point72 Asset Management L.P. now owns 3,758,574 shares of the semiconductor company's stock worth $193,604,000 after acquiring an additional 653,191 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its holdings in shares of Tower Semiconductor by 39.7% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 1,879,207 shares of the semiconductor company's stock valued at $67,013,000 after acquiring an additional 533,700 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Tower Semiconductor by 219.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 641,105 shares of the semiconductor company's stock valued at $22,362,000 after acquiring 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.

Tower Semiconductor Trading Down 0.4%

Shares of NASDAQ:TSEM traded down $0.28 on Tuesday, reaching $64.57. 1,173,624 shares of the company traded hands, compared to its average volume of 1,497,099. The business's 50-day simple moving average is $50.77 and its 200 day simple moving average is $42.82. Tower Semiconductor Ltd. has a 52 week low of $28.64 and a 52 week high of $66.49. The stock has a market capitalization of $7.16 billion, a P/E ratio of 37.11 and a beta of 0.86. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last announced its quarterly earnings data 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). Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The company had revenue of $372.06 million for the quarter, compared to the consensus estimate of $371.63 million. During the same period last year, the business posted $0.53 earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. Tower Semiconductor has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Tower Semiconductor Ltd. will post 1.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Susquehanna set a $66.00 price target on shares of Tower Semiconductor and gave the stock a "positive" rating in a research note on Tuesday, August 5th. Benchmark increased their target price on Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research note on Monday. Finally, Wedbush set a $65.00 price target on Tower Semiconductor and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $66.00.

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.