Vident Advisory LLC Has $454,000 Holdings 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 lessened its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 67.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,724 shares of the semiconductor company's stock after selling 26,878 shares during the quarter. Vident Advisory LLC's holdings in Tower Semiconductor were worth $454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC grew its stake 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 worth $25,000 after buying an additional 382 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Tower Semiconductor in the first quarter worth $39,000. Headlands Technologies LLC bought a new stake in shares of Tower Semiconductor in the first quarter worth $75,000. Magnetar Financial LLC grew its stake in shares of Tower Semiconductor by 14.0% in the first quarter. Magnetar Financial LLC now owns 6,663 shares of the semiconductor company's stock worth $238,000 after purchasing an additional 817 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Tower Semiconductor in the fourth quarter worth $247,000. Institutional investors own 70.51% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wedbush set a $65.00 price objective on shares of Tower Semiconductor and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Susquehanna set a $66.00 price objective on shares of Tower Semiconductor and gave the stock a "positive" rating in a research note on Tuesday, August 5th. Finally, Benchmark boosted their price objective 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tower Semiconductor presently has an average rating of "Buy" and an average target price of $66.00.

Tower Semiconductor Stock Up 0.0%

Shares of TSEM stock traded up $0.02 on Friday, reaching $66.04. 1,306,793 shares of the company were exchanged, compared to its average volume of 1,644,466. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 37.95 and a beta of 0.86. The company has a 50-day moving average of $52.01 and a 200-day moving average of $43.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.57 and a quick ratio of 5.50. Tower Semiconductor Ltd. has a one year low of $28.64 and a one year high of $67.75.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released 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). The company had revenue of $372.06 million for 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%.Tower Semiconductor's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. Tower Semiconductor has set its Q3 2025 guidance at EPS. Analysts anticipate that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current 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.