Tower Semiconductor (NASDAQ:TSEM) Trading Up 7.5% – Here’s What Happened

Tower Semiconductor Ltd. (NASDAQ:TSEM) shares were up 7.5% during mid-day trading on Wednesday . The company traded as high as $268.88 and last traded at $268.3330. 370,952 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 2,377,165 shares. The stock had previously closed at $249.58.

Tower Semiconductor News Roundup

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

• Positive Sentiment: Higher earnings forecasts: Zacks Research raised its estimates for Tower’s third-quarter 2026 EPS to $0.95 from $0.78, fourth-quarter EPS to $1.16 from $0.94, fiscal 2026 EPS to $3.50 from $3.00, and fiscal 2027 EPS to $5.68 from $4.42. The upgrades imply stronger expected earnings momentum than the current full-year consensus estimate of $3.04. Zacks Research estimates
• Positive Sentiment: Positive analyst stance: Bank of America initiated a Buy rating on Tower Semiconductor and assigned a $367 price target, supporting investor confidence in additional upside for the shares. BofA Buy rating and price target
• Positive Sentiment: Photonics ecosystem expansion: Tower and OpenLight announced availability of OpenLight’s photonic process design kit for Tower’s PH18DA indium-phosphide-on-silicon platform. The expanded ecosystem could help accelerate photonic integrated-circuit development and strengthen Tower’s position in high-growth optical and data-center applications. OpenLight and Tower photonics announcement
• Neutral Sentiment: Upcoming investor conferences: Tower representatives will participate in the Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 25–26 and the Benchmark-StoneX Tech, Media and Telecom Conference on September 10. These events may provide updates on demand, capacity and guidance, but no new financial targets were disclosed. Tower investor conference announcement
• Neutral Sentiment: Short-interest data: The reported August short interest was zero shares, unchanged from the prior period, indicating no meaningful short-covering catalyst or bearish positioning signal in the available data.

Wall Street Analysts Forecast Growth

TSEM has been the topic of a number of analyst reports. Wedbush upped their price target on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. UBS Group reissued a “buy” rating on shares of Tower Semiconductor in a report on Wednesday, July 15th. Benchmark reaffirmed a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, August 5th. National Bank Financial upgraded Tower Semiconductor to a “buy” rating in a research report on Friday, August 7th. Finally, Bank of America began coverage on Tower Semiconductor in a research report on Friday, August 7th. They issued a “buy” rating and a $367.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $294.80.

Tower Semiconductor Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 4.91 and a quick ratio of 4.31. The company’s 50 day moving average price is $244.33 and its 200 day moving average price is $203.03. The firm has a market capitalization of $30.34 billion, a P/E ratio of 106.66 and a beta of 0.90.

Tower Semiconductor (NASDAQ:TSEM) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. Tower Semiconductor had a net margin of 16.94% and a return on equity of 9.83%. The firm had revenue of $460.08 million during the quarter, compared to analysts’ expectations of $454.68 million. During the same quarter in the previous year, the company posted $0.41 EPS. Tower Semiconductor’s revenue was up 23.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Tower Semiconductor Ltd. will post 3.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Tower Semiconductor

Hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new stake in Tower Semiconductor during the 2nd quarter worth about $3,491,000. Fulcrum Equity Management bought a new position in shares of Tower Semiconductor in the 2nd quarter valued at about $313,000. Assenagon Asset Management S.A. grew its position in shares of Tower Semiconductor by 4.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 118,406 shares of the semiconductor company’s stock worth $30,378,000 after buying an additional 4,965 shares during the period. 180 Wealth Advisors LLC bought a new stake in shares of Tower Semiconductor during the second quarter worth approximately $293,000. Finally, Baron Wealth Management LLC lifted its holdings in Tower Semiconductor by 19.1% in the second quarter. Baron Wealth Management LLC now owns 2,423 shares of the semiconductor company’s stock valued at $632,000 after buying an additional 388 shares during the period. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Company 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.