Tower Semiconductor (NASDAQ:TSEM) Posts Earnings Results, Hits Estimates

Tower Semiconductor (NASDAQ:TSEMGet Free Report) issued its quarterly earnings results on Monday. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55, Briefing.com reports. The firm had revenue of $395.67 million for the quarter, compared to analysts’ expectations of $394.98 million. Tower Semiconductor had a return on equity of 7.37% and a net margin of 13.20%.The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. Tower Semiconductor updated its Q4 2025 guidance to EPS.

Tower Semiconductor Stock Up 1.7%

TSEM opened at $99.78 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.57 and a quick ratio of 5.50. Tower Semiconductor has a 12 month low of $28.64 and a 12 month high of $102.50. The stock has a market capitalization of $11.06 billion, a P/E ratio of 57.34 and a beta of 0.94. The business has a 50 day simple moving average of $74.05 and a 200-day simple moving average of $54.97.

Analysts Set New Price Targets

TSEM has been the subject of a number of recent research reports. Wedbush increased their price objective on Tower Semiconductor from $85.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays upped their price target on Tower Semiconductor from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Tower Semiconductor in a research report on Wednesday, October 8th. Susquehanna boosted their price objective on shares of Tower Semiconductor from $100.00 to $135.00 and gave the company a “positive” rating in a research note on Tuesday. Finally, Benchmark upped their price objective on shares of Tower Semiconductor from $73.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.40.

Check Out Our Latest Analysis on TSEM

Institutional Investors Weigh In On Tower Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of TSEM. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Tower Semiconductor during the 2nd quarter worth $5,809,000. Ameriprise Financial Inc. lifted its stake in shares of Tower Semiconductor by 183.1% in the second quarter. Ameriprise Financial Inc. now owns 113,986 shares of the semiconductor company’s stock valued at $4,941,000 after purchasing an additional 73,727 shares during the period. Jump Financial LLC boosted its holdings in Tower Semiconductor by 136.5% during the second quarter. Jump Financial LLC now owns 71,771 shares of the semiconductor company’s stock worth $3,111,000 after buying an additional 41,421 shares in the last quarter. State of Tennessee Department of Treasury grew its position in Tower Semiconductor by 52.0% during the second quarter. State of Tennessee Department of Treasury now owns 121,018 shares of the semiconductor company’s stock worth $5,246,000 after buying an additional 41,393 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in Tower Semiconductor during the second quarter worth about $1,262,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

About Tower Semiconductor

(Get Free Report)

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.

Recommended Stories

Earnings History for Tower Semiconductor (NASDAQ:TSEM)

Receive News & Ratings for Tower Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.