Engineers Gate Manager LP Acquires 21,821 Shares of Tower Semiconductor Ltd. $TSEM

Posted by Brian Himes on Sep 12th, 2026

Engineers Gate Manager LP grew its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) by 1,039.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,921 shares of the semiconductor company’s stock after purchasing an additional 21,821 shares during the period. Engineers Gate Manager LP’s holdings in Tower Semiconductor were worth $6,235,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TSEM. Amundi boosted its stake in shares of Tower Semiconductor by 86.8% during the 1st quarter. Amundi now owns 21,617 shares of the semiconductor company’s stock worth $771,000 after buying an additional 10,042 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Tower Semiconductor by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,633 shares of the semiconductor company’s stock worth $3,553,000 after purchasing an additional 3,954 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Tower Semiconductor by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 95,384 shares of the semiconductor company’s stock worth $4,135,000 after purchasing an additional 662 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Tower Semiconductor during the 2nd quarter worth approximately $438,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Tower Semiconductor in the 2nd quarter valued at approximately $5,809,000. Institutional investors own 70.51% of the company’s stock.

Insider Activity at Tower Semiconductor

In related news, CEO Russell Ellwanger sold 104,226 shares of Tower Semiconductor stock in a transaction dated 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 owned 526,788 shares of the company’s stock, valued at approximately $130,822,531.92. The trade was a 16.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

TSEM has been the subject of several analyst reports. Benchmark reissued a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, August 5th. Bank of America assumed coverage on shares of Tower Semiconductor in a research note on Friday, August 7th. They issued a “buy” rating and a $367.00 price target for the company. National Bank Financial upgraded shares of Tower Semiconductor to a “buy” rating in a research note on Friday, August 7th. Barclays raised shares of Tower Semiconductor from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, UBS Group reiterated a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tower Semiconductor presently has a consensus rating of “Moderate Buy” and an average target price of $290.67.

View Our Latest Analysis on Tower Semiconductor

Tower Semiconductor Stock Up 1.7%

TSEM opened at $211.52 on Friday. The stock’s fifty day simple moving average is $227.66 and its 200 day simple moving average is $217.26. Tower Semiconductor Ltd. has a 1-year low of $64.81 and a 1-year high of $319.94. The stock has a market cap of $23.79 billion, a PE ratio of 83.61 and a beta of 0.88. The company has a current ratio of 4.91, a quick ratio of 4.31 and a debt-to-equity ratio of 0.04.

Tower Semiconductor (NASDAQ:TSEM – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $460.08 million during the quarter, compared to analysts’ expectations of $454.68 million. Tower Semiconductor had a net margin of 16.94% and a return on equity of 9.83%. The company’s revenue for the quarter 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, research analysts expect that Tower Semiconductor Ltd. will post 3.58 earnings per share for the current year.

About Tower Semiconductor

(Free Report)

Tower Semiconductor Ltd. (NASDAQ:TSEM) is a specialty semiconductor foundry that manufactures integrated circuits for fabless chip companies, integrated device manufacturers and original equipment manufacturers. The company focuses on analog and mixed-signal technologies rather than high-volume digital logic, providing process development, wafer manufacturing, design enablement and other foundry services.

Its technology portfolio includes radio-frequency and high-performance analog circuits, power management, CMOS image sensors, medical and industrial sensors, silicon photonics, microelectromechanical systems (MEMS), and automotive and industrial semiconductor solutions.