Wellington Management Group LLP Boosts Stock Position in Tower Semiconductor Ltd. $TSEM

Key Points

• Wellington Management Group LLP increased its stake in Tower Semiconductor by 12.2%, acquiring an additional 243,267 shares to hold a total of 2,240,229 shares valued at about $79.9 million.
• Institutional investors collectively own 70.51% of Tower Semiconductor's stock, reflecting significant interest from firms like Vanguard and Point72 Asset Management.
• Recent earnings reports showed Tower Semiconductor missed EPS estimates, reporting $0.41 against an expected $0.47, despite a revenue of $372.06 million which surpassed expectations.

Wellington Management Group LLP increased its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 12.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,240,229 shares of the semiconductor company's stock after acquiring an additional 243,267 shares during the period. Wellington Management Group LLP owned about 2.02% of Tower Semiconductor worth $79,887,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSEM. TCTC Holdings LLC raised its position in Tower Semiconductor by 117.9% during the 1st quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 382 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Tower Semiconductor during the 1st quarter valued at $39,000. Headlands Technologies LLC bought a new stake in Tower Semiconductor during the 1st quarter valued at $75,000. Caption Management LLC bought a new stake in Tower Semiconductor during the 4th quarter valued at $155,000. Finally, Squarepoint Ops LLC bought a new stake in Tower Semiconductor during the 4th quarter valued at $247,000. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Tower Semiconductor Stock Up 2.4%

TSEM stock traded up $1.44 on Thursday, hitting $60.44. 719,502 shares of the company's stock were exchanged, compared to its average volume of 790,445. Tower Semiconductor Ltd. has a 12-month low of $28.64 and a 12-month high of $61.64. The firm has a 50 day moving average price of $47.19 and a two-hundred day moving average price of $41.91. 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 stock has a market cap of $6.70 billion, a P/E ratio of 34.67 and a beta of 0.77.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last announced its 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). Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The business had revenue of $372.06 million for the quarter, compared to analysts' expectations of $371.63 million. During the same quarter last year, the firm earned $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 research analysts expect that Tower Semiconductor Ltd. will post 1.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.