Magnetar Financial LLC Acquires 5,363 Shares of Tower Semiconductor Ltd. $TSEM

Magnetar Financial LLC increased its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 80.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,026 shares of the semiconductor company’s stock after purchasing an additional 5,363 shares during the period. Magnetar Financial LLC’s holdings in Tower Semiconductor were worth $521,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TSEM. TCTC Holdings LLC grew its position in shares of Tower Semiconductor by 117.9% during the first quarter. TCTC Holdings LLC now owns 706 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 382 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Tower Semiconductor during the first quarter valued at approximately $39,000. Headlands Technologies LLC purchased a new position in Tower Semiconductor during the 1st quarter valued at approximately $75,000. Blue Trust Inc. increased its stake in Tower Semiconductor by 14.8% in the 2nd quarter. Blue Trust Inc. now owns 1,764 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 227 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Tower Semiconductor in the second quarter valued at $228,000. 70.51% of the stock is owned by hedge funds and other institutional investors.

Tower Semiconductor Stock Up 2.6%

TSEM stock opened at $96.05 on Tuesday. The company has a market capitalization of $10.64 billion, a P/E ratio of 55.20 and a beta of 0.94. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $106.74. The firm’s fifty day simple moving average is $79.91 and its 200-day simple moving average is $58.83. 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 (NASDAQ:TSEM) last posted its earnings results on Monday, November 10th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The company had revenue of $395.67 million during the quarter, compared to the consensus estimate of $394.98 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Tower Semiconductor has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TSEM. Wedbush boosted their price objective on Tower Semiconductor from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Benchmark boosted their target price on Tower Semiconductor from $73.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Barclays increased their target price on Tower Semiconductor from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Susquehanna raised their target price on shares of Tower Semiconductor from $100.00 to $135.00 and gave the company a “positive” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tower Semiconductor in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tower Semiconductor has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

About Tower Semiconductor

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.