Tower Semiconductor Ltd. $TSEM Shares Sold by Katamaran Capital LLP

Katamaran Capital LLP cut its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 53.5% in the first quarter, Holdings Channel.com reports. The fund owned 12,427 shares of the semiconductor company’s stock after selling 14,279 shares during the period. Tower Semiconductor makes up approximately 1.8% of Katamaran Capital LLP’s investment portfolio, making the stock its 20th biggest position. Katamaran Capital LLP’s holdings in Tower Semiconductor were worth $2,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. USA Financial Formulas acquired a new position in shares of Tower Semiconductor in the 4th quarter worth approximately $27,000. CIBC Private Wealth Group LLC increased its holdings in Tower Semiconductor by 254.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 418 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Tower Semiconductor in the 3rd quarter valued at approximately $48,000. Kestra Advisory Services LLC acquired a new position in Tower Semiconductor during the fourth quarter worth $52,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Tower Semiconductor during the first quarter worth $53,000. 70.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Tower Semiconductor

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wedbush boosted their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Benchmark raised their target price on Tower Semiconductor from $230.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Susquehanna lifted their target price on Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Tower Semiconductor has a consensus rating of “Hold” and a consensus price target of $276.75.

Tower Semiconductor Price Performance

Shares of 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. The company has a market cap of $28.73 billion, a price-to-earnings ratio of 118.83 and a beta of 0.87. The stock’s 50-day moving average is $254.17 and its two-hundred day moving average is $187.57. Tower Semiconductor Ltd. has a 1-year low of $43.12 and a 1-year high of $319.94.

Tower Semiconductor Profile

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.