Tower Semiconductor (NASDAQ:TSEM) CEO Russell Craig Ellwanger Sells 77,309 Shares of Stock

Tower Semiconductor Ltd. (NASDAQ:TSEM) CEO Russell Craig Ellwanger sold 77,309 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $254.52, for a total transaction of $19,676,686.68. Following the transaction, the chief executive officer owned 631,014 shares of the company’s stock, valued at approximately $160,605,683.28. The trade was a 10.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, August 11th, Russell Craig Ellwanger sold 104,226 shares of Tower Semiconductor stock. The stock was sold at an average price of $248.34, for a total transaction of $25,883,484.84.

Tower Semiconductor Stock Up 4.3%

Shares of NASDAQ:TSEM opened at $260.31 on Thursday. The company has a market cap of $29.27 billion, a price-to-earnings ratio of 102.89 and a beta of 0.90. The firm’s 50-day simple moving average is $244.17 and its 200-day simple moving average is $203.95. 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 fifty-two week low of $45.51 and a fifty-two week high of $319.94.

Tower Semiconductor (NASDAQ:TSEM) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $460.08 million for the quarter, compared to analyst estimates of $454.68 million. Tower Semiconductor had a net margin of 16.94% and a return on equity of 9.83%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, equities research analysts predict that Tower Semiconductor Ltd. will post 3.57 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TSEM shares. Susquehanna increased their target price on 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 reissued a “buy” rating on shares of Tower Semiconductor in a report on Wednesday, July 15th. Bank of America started coverage on Tower Semiconductor in a research note on Friday, August 7th. They issued a “buy” rating and a $367.00 price target on the stock. National Bank Financial raised Tower Semiconductor to a “buy” rating in a report on Friday, August 7th. Finally, Wedbush increased their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.80.

Tower Semiconductor News Roundup

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

• Positive Sentiment: Analyst estimates were raised significantly. Zacks Research increased its forecasts to $0.95 EPS for the third quarter of 2026, $1.16 for the fourth quarter, $3.50 for full-year 2026 and $5.68 for 2027. The FY2027 estimate was raised from $4.42, suggesting expectations for accelerating earnings growth.
• Positive Sentiment: Bank of America initiated a Buy rating with a $367 price target, implying additional upside from recent trading levels and adding institutional support to the bullish case. BofA sets Tower Semiconductor buy rating and $367 price target
• Positive Sentiment: Tower and OpenLight expanded their photonics ecosystem by making OpenLight’s photonic process design kit available for Tower’s PH18DA indium-phosphide-on-silicon platform. The move could support future photonic integrated-circuit development and strengthen Tower’s position in high-growth optical and communications applications. OpenLight and Tower Semiconductor Expand PH18DA Photonics Ecosystem
• Neutral Sentiment: Management will participate in two upcoming investor conferences—the Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 25–26 and the Benchmark-StoneX technology conference on September 10. These events may provide additional business updates but do not represent new financial guidance. Tower Semiconductor to Participate in August and September Investor Conferences
• Negative Sentiment: CEO Russell Craig Ellwanger sold 181,535 shares across transactions on August 10 and 11 for approximately $45.6 million, reducing his holdings by roughly 27% in total. While insider sales can be planned for personal or diversification reasons, the sizable transactions may weigh on sentiment.

Institutional Trading of Tower Semiconductor

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