Tower Semiconductor (NASDAQ:TSEM) Reaches New 1-Year High - Here's Why

Key Points

• Tower Semiconductor's stock reached a new 52-week high, trading at $68.36, with a last traded price of $67.97.
• Analysts have set a consensus "Buy" rating for the company, with a price target ranging from $65.00 to $73.00, indicating positive market sentiment.
• The company reported earnings of $0.41 per share for the last quarter, missing estimates by $0.06, though revenue of $372.06 million showed a 6% increase year-over-year.

Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $68.36 and last traded at $67.97, with a volume of 827253 shares traded. The stock had previously closed at $65.71.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Susquehanna set a $66.00 price objective on Tower Semiconductor and gave the stock a "positive" rating in a research note on Tuesday, August 5th. Barclays started coverage on Tower Semiconductor in a research report on Thursday. They set an "equal weight" rating and a $74.00 target price on the stock. 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. Finally, Benchmark upped their target price on Tower Semiconductor from $66.00 to $73.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

Tower Semiconductor Stock Performance

The stock has a market capitalization of $7.43 billion, a PE ratio of 38.52 and a beta of 0.86. The stock has a fifty day moving average of $54.22 and a 200-day moving average of $44.21. 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 (NASDAQ:TSEM - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $372.06 million for the quarter, compared to analysts' expectations of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of Tower Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Senvest Management LLC raised its stake in Tower Semiconductor by 0.9% during the 2nd quarter. Senvest Management LLC now owns 8,128,614 shares of the semiconductor company's stock valued at $352,375,000 after acquiring an additional 69,207 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Tower Semiconductor by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company's stock worth $145,106,000 after buying an additional 93,868 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Tower Semiconductor by 2.3% during the 1st quarter. Jennison Associates LLC now owns 2,546,357 shares of the semiconductor company's stock worth $90,803,000 after buying an additional 57,544 shares in the last quarter. Meitav Investment House Ltd. raised its stake in shares of Tower Semiconductor by 1.0% during the 2nd quarter. Meitav Investment House Ltd. now owns 2,242,514 shares of the semiconductor company's stock worth $97,247,000 after buying an additional 22,873 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Tower Semiconductor by 12.2% during the 1st quarter. Wellington Management Group LLP now owns 2,240,229 shares of the semiconductor company's stock worth $79,887,000 after buying an additional 243,267 shares in the last quarter. 70.51% of the stock is owned by hedge funds and other institutional investors.

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.