Tower Semiconductor Ltd. (NASDAQ:TSEM) Sees Significant Growth in Short Interest

Key Points

• Tower Semiconductor Ltd. saw a significant increase in short interest, rising by 30.9% in August, bringing the total short interest to 1,780,000 shares.
• Benchmark raised their price target for the stock from $66.00 to $73.00, with four analysts rating it as a "Buy" and a consensus price target of $66.00.
• The company reported $0.41 earnings per share for its last quarter, missing expectations, but showed a 6.0% year-over-year revenue growth with total revenue of $372.06 million.

Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,780,000 shares, a growth of 30.9% from the August 15th total of 1,360,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.6% of the shares of the company are short sold. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Benchmark raised their price target on Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a report on Monday, September 8th. Susquehanna set a $66.00 target price on Tower Semiconductor and gave the stock a "positive" rating in a report on Tuesday, August 5th. Finally, Wedbush set a $65.00 target price on Tower Semiconductor and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tower Semiconductor has an average rating of "Buy" and a consensus price target of $66.00.

Hedge Funds Weigh In On Tower Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the business. TCTC Holdings LLC lifted 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 valued at $25,000 after acquiring an additional 382 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Tower Semiconductor in the first quarter valued at about $39,000. Blue Trust Inc. increased its holdings in Tower Semiconductor by 14.8% in the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 227 shares during the last quarter. Headlands Technologies LLC bought a new stake in Tower Semiconductor in the first quarter valued at about $75,000. Finally, PharVision Advisers LLC bought a new stake in shares of Tower Semiconductor in the second quarter worth about $207,000. Institutional investors and hedge funds own 70.51% of the company's stock.

Tower Semiconductor Stock Performance

NASDAQ TSEM traded up $1.83 during trading on Wednesday, hitting $67.54. The company's stock had a trading volume of 1,158,027 shares, compared to its average volume of 846,753. The firm has a market cap of $7.48 billion, a P/E ratio of 38.67 and a beta of 0.86. The company has a quick ratio of 5.50, a current ratio of 6.57 and a debt-to-equity ratio of 0.05. Tower Semiconductor has a 52 week low of $28.64 and a 52 week high of $68.70. The firm has a 50 day moving average price of $52.85 and a 200 day moving average price of $43.62.

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 firm had revenue of $372.06 million for the quarter, compared to the consensus estimate 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 for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Tower Semiconductor will post 1.67 earnings per share for the current fiscal year.

About Tower Semiconductor

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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