Tower Semiconductor (NASDAQ:TSEM) Shares Down 3.6% - Here's Why

Key Points

• Tower Semiconductor's stock price fell 3.6% on Thursday, trading as low as $65.20, with a significant decline in trading volume compared to its average.
• Recent analyst ratings reflect a generally positive outlook, with a consensus rating of "Buy" and an average price target of $66.00.
• The company reported $0.41 earnings per share for the last quarter, missing expectations but showing a 6.0% increase in revenue year-over-year.

Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report)'s stock price was down 3.6% during mid-day trading on Thursday . The stock traded as low as $65.22 and last traded at $65.20. Approximately 517,203 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 831,704 shares. The stock had previously closed at $67.65.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wedbush set a $65.00 price objective on Tower Semiconductor and gave the company an "outperform" rating in a research report on Tuesday, August 5th. 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, Benchmark lifted their target price on Tower Semiconductor from $66.00 to $73.00 and gave the stock a "buy" rating in a report on Monday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $66.00.

Tower Semiconductor Trading Down 2.8%

The stock has a market capitalization of $7.28 billion, a PE ratio of 37.81 and a beta of 0.86. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $51.25 and a 200-day moving average price of $42.99.

Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The company had revenue of $372.06 million for the quarter, compared to analysts' expectations of $371.63 million. Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. Tower Semiconductor's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current year.

Hedge Funds Weigh In On Tower Semiconductor

Several large investors have recently made changes to their positions in the business. TCTC Holdings LLC increased its holdings in shares of Tower Semiconductor by 117.9% in 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 during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Tower Semiconductor during the first quarter worth approximately $39,000. Blue Trust Inc. increased its stake in Tower Semiconductor by 14.8% during the second quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company's stock worth $76,000 after acquiring an additional 227 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Tower Semiconductor during the first quarter valued at approximately $75,000. Finally, PharVision Advisers LLC purchased a new position in shares of Tower Semiconductor during the second quarter valued at approximately $207,000. 70.51% of the stock is currently 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.

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