Tower Semiconductor (NASDAQ:TSEM) CEO Sells 77,309 Shares of Stock

Key Points

• CEO Russell Craig Ellwanger sold 77,309 shares of Tower Semiconductor at an average price of $254.52, generating approximately $19.7 million. He retained 631,014 shares, while also selling an additional 104,226 shares the following day.
• Tower reported stronger-than-expected quarterly results, with EPS of $0.88 versus the $0.76 consensus and revenue of $460.08 million. Revenue increased 23.7% year over year.
• Investor sentiment remains broadly positive: Bank of America initiated coverage with a Buy rating and a $367 price target, while analysts’ average target is $294.80; institutional investors own 70.51% of the company.

Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) CEO Russell Craig Ellwanger sold 77,309 shares of Tower Semiconductor stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $254.52, for a total value of $19,676,686.68. Following the sale, the chief executive officer directly owned 631,014 shares in the company, valued at approximately $160,605,683.28. This trade represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Russell Craig Ellwanger also recently made the following trade(s):

• On Tuesday, August 11th, Russell Craig Ellwanger sold 104,226 shares of Tower Semiconductor stock. The shares were sold at an average price of $248.34, for a total value of $25,883,484.84.

Tower Semiconductor Stock Performance

Shares of TSEM stock traded up $20.35 during mid-day trading on Wednesday, reaching $269.93. The stock had a trading volume of 1,141,254 shares, compared to its average volume of 2,382,317. The firm's 50 day simple moving average is $244.33 and its 200 day simple moving average is $203.03. The company has a quick ratio of 4.31, a current ratio of 4.91 and a debt-to-equity ratio of 0.04. Tower Semiconductor Ltd. has a one year low of $45.51 and a one year high of $319.94. The firm has a market cap of $30.35 billion, a PE ratio of 106.69 and a beta of 0.90.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. The business had revenue of $460.08 million for the quarter, compared to analysts' expectations of $454.68 million. Tower Semiconductor had a return on equity of 9.83% and a net margin of 16.94%.Tower Semiconductor's quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. On average, analysts forecast that Tower Semiconductor Ltd. will post 3.04 EPS for the current year.

Tower Semiconductor News Roundup

Here are the key news stories impacting Tower Semiconductor this week:

• Positive Sentiment: Higher earnings forecasts: Zacks Research raised its estimates for Tower’s third-quarter 2026 EPS to $0.95 from $0.78, fourth-quarter EPS to $1.16 from $0.94, fiscal 2026 EPS to $3.50 from $3.00, and fiscal 2027 EPS to $5.68 from $4.42. The upgrades imply stronger expected earnings momentum than the current full-year consensus estimate of $3.04. Zacks Research estimates
• Positive Sentiment: Positive analyst stance: Bank of America initiated a Buy rating on Tower Semiconductor and assigned a $367 price target, supporting investor confidence in additional upside for the shares. BofA Buy rating and price target
• Positive Sentiment: Photonics ecosystem expansion: Tower and OpenLight announced availability of OpenLight’s photonic process design kit for Tower’s PH18DA indium-phosphide-on-silicon platform. The expanded ecosystem could help accelerate photonic integrated-circuit development and strengthen Tower’s position in high-growth optical and data-center applications. OpenLight and Tower photonics announcement
• Neutral Sentiment: Upcoming investor conferences: Tower representatives will participate in the Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 25–26 and the Benchmark-StoneX Tech, Media and Telecom Conference on September 10. These events may provide updates on demand, capacity and guidance, but no new financial targets were disclosed. Tower investor conference announcement
• Neutral Sentiment: Short-interest data: The reported August short interest was zero shares, unchanged from the prior period, indicating no meaningful short-covering catalyst or bearish positioning signal in the available data.

Institutional Investors Weigh In On Tower Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Tower Semiconductor by 3,222.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,682,152 shares of the semiconductor company's stock worth $549,779,000 after acquiring an additional 4,541,235 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Tower Semiconductor by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,338,080 shares of the semiconductor company's stock valued at $507,317,000 after purchasing an additional 53,112 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Tower Semiconductor by 0.8% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,002,806 shares of the semiconductor company's stock valued at $352,589,000 after purchasing an additional 25,000 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Tower Semiconductor by 214.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,467 shares of the semiconductor company's stock valued at $259,083,000 after purchasing an additional 1,505,421 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Tower Semiconductor by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,108,004 shares of the semiconductor company's stock worth $152,409,000 after purchasing an additional 15,461 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America started coverage on shares of Tower Semiconductor in a research note on Friday, August 7th. They issued a "buy" rating and a $367.00 target price on the stock. National Bank Financial upgraded shares of Tower Semiconductor to a "buy" rating in a research report on Friday, August 7th. Wedbush lifted their price target on shares of Tower Semiconductor from $140.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Susquehanna boosted their price target on shares of Tower Semiconductor from $180.00 to $330.00 and gave the company a "positive" rating in a research report on Thursday, May 14th. Finally, Benchmark reaffirmed a "buy" rating on shares of Tower Semiconductor in a research note on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Tower Semiconductor currently has an average rating of "Moderate Buy" and an average target price of $294.80.

Tower Semiconductor Company Profile

Tower Semiconductor, traded on NASDAQ under the symbol TSEM, is a specialty foundry company that provides analog and mixed-signal semiconductor manufacturing services to a broad array of customers worldwide. The company focuses on delivering tailored process technologies for high-growth markets, including radio frequency (RF), power management, imaging, automotive electronics, and Internet of Things (IoT) applications. By combining deep process know-how with flexible manufacturing capabilities, Tower Semiconductor supports the development and volume production of advanced semiconductor devices for fabless and integrated device manufacturer customers.

The company's technology portfolio spans standard and specialty processes such as CMOS, BiCMOS, high-voltage, radio frequency, silicon photonics, micro-electromechanical systems (MEMS) and image sensor production.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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