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) saw a large growth in short interest in 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 presently 1.6 days. Currently, 1.6% of the shares of the company are short sold. Currently, 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 presently 1.6 days.

Tower Semiconductor Stock Down 2.6%

Tower Semiconductor stock traded down $1.79 during mid-day trading on Friday, reaching $67.02. The stock had a trading volume of 1,045,011 shares, compared to its average volume of 1,662,957. Tower Semiconductor has a one year low of $28.64 and a one year high of $72.13. The company has a 50-day moving average price of $54.22 and a two-hundred day moving average price of $44.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.57 and a quick ratio of 5.50. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 38.52 and a beta of 0.86.

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Susquehanna set a $66.00 price target on Tower Semiconductor and gave the company a "positive" rating in a report on Tuesday, August 5th. Wedbush set a $65.00 target price on shares of Tower Semiconductor and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Benchmark raised their price objective on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Finally, Barclays started coverage on shares of Tower Semiconductor in a research report on Thursday. They issued an "equal weight" rating and a $74.00 price target for the company. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Tower Semiconductor presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

Institutional Trading of Tower Semiconductor

Hedge funds have recently modified their holdings 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 worth $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 first quarter valued at about $39,000. Blue Trust Inc. raised its position in Tower Semiconductor by 14.8% in the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 227 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Tower Semiconductor in the first quarter valued at approximately $75,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Tower Semiconductor in the second quarter valued at approximately $207,000. 70.51% of the stock is owned by institutional investors and hedge funds.

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.