Harel Insurance Investments & Financial Services Ltd. Sells 328,201 Shares of Tower Semiconductor Ltd. $TSEM

Harel Insurance Investments & Financial Services Ltd. decreased its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 14.2% in the first quarter, Holdings Channel.com reports. The firm owned 1,989,929 shares of the semiconductor company’s stock after selling 328,201 shares during the period. Tower Semiconductor comprises about 2.4% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 14th biggest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Tower Semiconductor were worth $349,194,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Calamos Wealth Management LLC bought a new stake in Tower Semiconductor in the first quarter worth $6,337,000. Calamos Advisors LLC increased its position in Tower Semiconductor by 439.9% during the first quarter. Calamos Advisors LLC now owns 133,597 shares of the semiconductor company’s stock valued at $23,444,000 after acquiring an additional 108,854 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Tower Semiconductor in the first quarter valued at $384,000. DSM Capital Partners LLC purchased a new stake in shares of Tower Semiconductor in the first quarter valued at $3,346,000. Finally, Frank Rimerman Advisors LLC bought a new stake in Tower Semiconductor in the first quarter worth about $425,000. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor News Summary

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

• Positive Sentiment: Tower Semiconductor unveiled a $3 billion dual-track expansion in Japan to boost silicon photonics, silicon germanium (SiGe), and advanced packaging capacity, positioning the company to benefit from rising AI and data center demand. Reuters article
• Positive Sentiment: The plan is backed by a $1 billion Japanese government grant, which reduces the net capital burden and improves the economics of the expansion. GlobeNewswire release
• Positive Sentiment: Management said the expansion could lift its updated 2028 model toward $3.6 billion in revenue and $1.2 billion in net profit, signaling stronger long-term earnings potential. TipRanks article
• Neutral Sentiment: Analysts and market movers noted the stock’s sharp move higher, but this was mostly a reaction to the expansion announcement rather than a new operating result. Seeking Alpha article
• Negative Sentiment: The project is a large capital commitment and includes execution risks such as construction delays, permitting issues, and possible cost overruns, which could pressure margins if the ramp falters. GlobeNewswire release

Analyst Ratings Changes

A number of brokerages have commented on TSEM. Wedbush upped their target price on shares of Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Susquehanna increased their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research note on Thursday, May 14th. Finally, Benchmark raised their price objective on Tower Semiconductor from $230.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $276.75.

Tower Semiconductor Stock Up 11.2%

NASDAQ:TSEM opened at $255.49 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 4.92. Tower Semiconductor Ltd. has a 1-year low of $43.12 and a 1-year high of $319.94. The company has a 50-day moving average of $254.17 and a 200 day moving average of $187.57. The firm has a market cap of $28.73 billion, a PE ratio of 118.83 and a beta of 0.87.

About Tower Semiconductor

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.