Mesirow Financial Investment Management Inc. bought a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,885 shares of the semiconductor company’s stock, valued at approximately $221,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Ground Swell Capital LLC bought a new stake in shares of Tower Semiconductor in the fourth quarter worth about $232,000. KLCM Advisors Inc. bought a new stake in shares of Tower Semiconductor in the fourth quarter worth about $235,000. Centric Wealth Management bought a new stake in shares of Tower Semiconductor in the fourth quarter worth about $305,000. Pier Capital LLC increased its holdings in shares of Tower Semiconductor by 31.4% in the fourth quarter. Pier Capital LLC now owns 67,520 shares of the semiconductor company’s stock worth $7,928,000 after acquiring an additional 16,116 shares in the last quarter. Finally, Destiny Wealth Partners LLC bought a new stake in shares of Tower Semiconductor in the fourth quarter worth about $254,000. Institutional investors and hedge funds own 70.51% of the company’s stock.
Key Tower Semiconductor News
Here are the key news stories impacting Tower Semiconductor this week:
- Positive Sentiment: Tower Semiconductor announced $1.3 billion in silicon photonics contracts for 2027, along with $290 million in customer prepayments, signaling major revenue visibility and strong demand for its advanced manufacturing capabilities. Article Title
- Positive Sentiment: The company’s first-quarter results beat expectations, with EPS of $0.65 versus $0.56 expected and revenue of $413.6 million slightly ahead of estimates, while management also raised second-quarter guidance. Article Title
- Positive Sentiment: Analysts turned more constructive after the earnings report, including Wedbush lifting its price target to $300 and other firms boosting forecasts, reinforcing bullish sentiment around TSEM. Article Title
Tower Semiconductor Stock Down 2.4%
Tower Semiconductor (NASDAQ:TSEM – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Tower Semiconductor had a return on equity of 8.65% and a net margin of 15.13%.The business had revenue of $413.63 million during the quarter, compared to the consensus estimate of $410.72 million. During the same period last year, the company earned $0.35 earnings per share. Tower Semiconductor’s quarterly revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts expect that Tower Semiconductor Ltd. will post 2.64 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have issued reports on TSEM shares. Susquehanna increased their price target on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a report on Thursday. Barclays increased their price target on Tower Semiconductor from $114.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Wedbush increased their price target on Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Benchmark increased their price target on Tower Semiconductor from $230.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Tower Semiconductor presently has a consensus rating of “Hold” and an average target price of $276.75.
Get Our Latest Stock Analysis on TSEM
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.
Featured Stories
- Five stocks we like better than Tower Semiconductor
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding TSEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report).
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.
