Tower Semiconductor Ltd. $TSEM Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. trimmed its holdings in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,661,771 shares of the semiconductor company’s stock after selling 186,800 shares during the quarter. Tower Semiconductor comprises approximately 2.3% of Phoenix Financial Ltd.’s holdings, making the stock its 11th largest holding. Phoenix Financial Ltd.’s holdings in Tower Semiconductor were worth $169,456,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TSEM. TCTC Holdings LLC lifted its stake in shares of Tower Semiconductor by 117.9% in the 1st quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 382 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tower Semiconductor during the first quarter worth $39,000. Headlands Technologies LLC purchased a new stake in shares of Tower Semiconductor during the first quarter worth $75,000. Blue Trust Inc. grew its holdings in shares of 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 buying an additional 227 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Tower Semiconductor during the second quarter worth $228,000. 70.51% of the stock is currently owned by institutional investors and hedge funds.

Tower Semiconductor Price Performance

Tower Semiconductor stock opened at $75.44 on Tuesday. Tower Semiconductor Ltd. has a one year low of $28.64 and a one year high of $77.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.50 and a current ratio of 6.57. The business has a fifty day moving average of $64.59 and a two-hundred day moving average of $49.39. The company has a market cap of $8.36 billion, a P/E ratio of 43.36 and a beta of 0.87.

Tower Semiconductor (NASDAQ:TSEM) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). The firm had revenue of $372.06 million for the quarter, compared to analyst estimates of $371.63 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. Tower Semiconductor has set its Q3 2025 guidance at EPS. As a group, analysts predict that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Susquehanna set a $66.00 price objective on shares of Tower Semiconductor and gave the company a “positive” rating in a report on Tuesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Tower Semiconductor in a research report on Wednesday, October 8th. Benchmark raised their target price on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a “buy” rating in a report on Monday, September 8th. Wedbush set a $65.00 target price on shares of Tower Semiconductor and gave the company an “outperform” rating in a report on Tuesday, August 5th. Finally, Barclays assumed coverage on shares of Tower Semiconductor in a research note on Thursday, September 18th. They issued an “equal weight” rating and a $74.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.60.

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.