Tower Semiconductor (NASDAQ:TSEM) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Tower Semiconductor (NASDAQ:TSEM) experienced a 45% increase in trading volume on Tuesday, with approximately 1,061,435 shares traded, and the stock's price rose from $49.21 to $52.36.
• Recent analyst ratings show a consensus of "Buy" for Tower Semiconductor, with price targets set between $65.00 and $66.00 by multiple firms, indicating potential upside.
• The company reported an earnings miss for the last quarter, posting $0.41 EPS against an estimate of $0.47, but showed year-over-year revenue growth of 6.0% to $372.06 million.

Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) shares saw an uptick in trading volume on Tuesday . 1,061,435 shares traded hands during mid-day trading, an increase of 45% from the previous session's volume of 730,698 shares.The stock last traded at $52.36 and had previously closed at $49.21.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSEM. Susquehanna set a $66.00 target price on Tower Semiconductor and gave the stock a "positive" rating in a report on Tuesday, August 5th. Benchmark reaffirmed 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, 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, According to MarketBeat.com, Tower Semiconductor currently has an average rating of "Buy" and an average target price of $64.25.

Tower Semiconductor Price Performance

The business has a 50-day simple moving average of $46.04 and a 200 day simple moving average of $41.66. The stock has a market cap of $6.07 billion, a P/E ratio of 31.45 and a beta of 0.77. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05.

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

Institutional Investors Weigh In On Tower Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Senvest Management LLC boosted its position in shares of 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 purchasing an additional 69,207 shares in the last quarter. Vanguard Group Inc. boosted its position 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 valued at $145,106,000 after purchasing 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. Finally, Meitav Investment House Ltd. boosted its holdings in Tower Semiconductor by 1.0% in the second quarter. Meitav Investment House Ltd. now owns 2,242,514 shares of the semiconductor company's stock worth $97,247,000 after acquiring an additional 22,873 shares in the last quarter. Institutional investors own 70.51% of the company's stock.

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.