Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Free Report) CEO Russell Craig Ellwanger sold 104,226 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $248.34, for a total value of $25,883,484.84. Following the completion of the transaction, the chief executive officer owned 526,788 shares in the company, valued at $130,822,531.92. The trade was a 16.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 4.3%
Shares of Tower Semiconductor stock opened at $260.31 on Thursday. 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 company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 102.89 and a beta of 0.90. The firm’s 50-day moving average price is $244.17 and its two-hundred day moving average price is $203.95.
Wall Street Analyst Weigh In
TSEM has been the subject of several recent analyst reports. Wedbush upped their target price on Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. UBS Group reiterated a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. Benchmark reissued a “buy” rating on shares of Tower Semiconductor in a report on Wednesday, August 5th. Bank of America assumed coverage on Tower Semiconductor in a research report on Friday, August 7th. They set a “buy” rating and a $367.00 price objective for the company. Finally, Susquehanna raised their price objective on Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a research note on Thursday, May 14th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $294.80.
Check Out Our Latest Report on Tower Semiconductor
Hedge Funds Weigh In On Tower Semiconductor
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Plato Investment Management Ltd bought a new stake in shares of Tower Semiconductor during the second quarter worth $3,491,000. Fulcrum Equity Management acquired a new position in shares of Tower Semiconductor during the second quarter worth $313,000. Assenagon Asset Management S.A. lifted its stake in shares of Tower Semiconductor by 4.4% in 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 last quarter. 180 Wealth Advisors LLC bought a new position in shares of Tower Semiconductor in the 2nd quarter valued at $293,000. Finally, Baron Wealth Management LLC boosted its holdings 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 valued at $632,000 after acquiring an additional 388 shares in the last quarter. Institutional investors own 70.51% of the company’s stock.
More Tower Semiconductor News
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.
About Tower Semiconductor
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.
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