Wellington Management Group LLP Purchases 243,267 Shares of 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 boosted its position in Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 2.02% of Tower Semiconductor worth $79,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Tower Semiconductor by 2.4% in the first quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company's stock worth $145,106,000 after acquiring an additional 93,868 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Tower Semiconductor by 21.0% in 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 acquiring an additional 653,191 shares in the last quarter. Jennison Associates LLC boosted its holdings in Tower Semiconductor by 2.3% in the first quarter. Jennison Associates LLC now owns 2,546,357 shares of the semiconductor company's stock worth $90,803,000 after acquiring an additional 57,544 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Tower Semiconductor by 14.2% in the first quarter. Invesco Ltd. now owns 2,010,856 shares of the semiconductor company's stock valued at $71,707,000 after purchasing an additional 249,621 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Tower Semiconductor by 2.6% in the first quarter. Victory Capital Management Inc. now owns 1,985,110 shares of the semiconductor company's stock valued at $70,789,000 after purchasing an additional 50,980 shares in the last quarter. Institutional investors own 70.51% of the company's stock.

Tower Semiconductor Stock Performance

Shares of TSEM opened at $54.73 on Friday. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 31.45 and a beta of 0.77. The stock has a 50 day moving average of $46.04 and a 200 day moving average of $41.72. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $55.31.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The business had revenue of $372.06 million for the quarter, compared to analysts' expectations of $371.63 million. Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The business's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

TSEM has been the topic of a number of recent research reports. Wedbush set a $65.00 target price on Tower Semiconductor and gave the company an "outperform" rating in a report on Tuesday, August 5th. Benchmark restated a "buy" rating and issued a $66.00 target price (up previously from $60.00) on shares of Tower Semiconductor in a report on Monday, August 4th. Finally, Susquehanna set a $66.00 target price on Tower Semiconductor and gave the company a "positive" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price 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.

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