Russell Craig Ellwanger Sells 104,226 Shares of Tower Semiconductor (NASDAQ:TSEM) Stock

Tower Semiconductor Ltd. (NASDAQ:TSEM) CEO Russell Craig Ellwanger sold 104,226 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $248.34, for a total transaction of $25,883,484.84. Following the completion of the sale, the chief executive officer directly owned 526,788 shares in the company, valued at $130,822,531.92. This trade represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Russell Craig Ellwanger also recently made the following trade(s):

• On Monday, August 10th, Russell Craig Ellwanger sold 77,309 shares of Tower Semiconductor stock. The stock was sold at an average price of $254.52, for a total transaction of $19,676,686.68.

Tower Semiconductor Trading Up 8.2%

NASDAQ TSEM traded up $20.35 on Wednesday, reaching $269.93. The stock had a trading volume of 1,141,254 shares, compared to its average volume of 2,382,317. The firm has a market capitalization of $30.35 billion, a price-to-earnings ratio of 106.69 and a beta of 0.90. The company has a quick ratio of 4.31, a current ratio of 4.91 and a debt-to-equity ratio of 0.04. Tower Semiconductor Ltd. has a 12-month low of $45.51 and a 12-month high of $319.94. The stock has a fifty day moving average price of $244.33 and a two-hundred day moving average price of $203.03.

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

Hedge Funds Weigh In On Tower Semiconductor

A number of institutional investors and hedge funds have recently made changes to their positions in TSEM. CIBC Private Wealth Group LLC grew its holdings in Tower Semiconductor by 254.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 418 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Tower Semiconductor during the 3rd quarter worth $48,000. Kestra Advisory Services LLC acquired a new position in shares of Tower Semiconductor during the fourth quarter worth $52,000. Hanson & Doremus Investment Management acquired a new position in shares of Tower Semiconductor during the first quarter worth $53,000. Finally, SBI Securities Co. Ltd. increased its holdings in Tower Semiconductor by 344.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 520 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 403 shares during the last quarter. 70.51% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Tower Semiconductor

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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Benchmark reissued a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, August 5th. Susquehanna upped their target price on shares of Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research note on Thursday, May 14th. UBS Group reiterated a “buy” rating on shares of Tower Semiconductor in a report on Wednesday, July 15th. Wedbush raised their price target on shares of Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Bank of America began coverage on Tower Semiconductor in a research report on Friday, August 7th. They set a “buy” rating and a $367.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Tower Semiconductor currently has an average rating of “Moderate Buy” and a consensus target price of $294.80.

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.