Truist Financial Corp Decreases Stock Holdings in Tower Semiconductor Ltd. $TSEM

Truist Financial Corp reduced its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) by 47.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,917 shares of the semiconductor company’s stock after selling 7,245 shares during the quarter. Truist Financial Corp’s holdings in Tower Semiconductor were worth $930,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in shares of Tower Semiconductor during the 4th quarter worth $27,000. CIBC Private Wealth Group LLC lifted its stake in shares of Tower Semiconductor by 254.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 418 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Tower Semiconductor by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 452 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 226 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Tower Semiconductor during the 4th quarter worth $68,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Tower Semiconductor by 575.3% during the 4th quarter. Farther Finance Advisors LLC now owns 655 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 558 shares during the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Tower Semiconductor News Summary

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%

Shares of TSEM stock opened at $273.98 on Friday. The stock’s 50-day simple moving average is $189.11 and its 200-day simple moving average is $141.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.51 and a current ratio of 6.48. The firm has a market capitalization of $30.81 billion, a PE ratio of 127.43 and a beta of 0.85. Tower Semiconductor Ltd. has a fifty-two week low of $37.48 and a fifty-two week high of $283.46.

Tower Semiconductor (NASDAQ:TSEM) last announced its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $413.63 million for the quarter, compared to analyst estimates of $410.72 million. Tower Semiconductor had a return on equity of 8.65% and a net margin of 15.13%.The company’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Equities analysts expect that Tower Semiconductor Ltd. will post 2.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSEM. Benchmark upped their target price on Tower Semiconductor from $230.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday. Barclays upped their target price on Tower Semiconductor from $114.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Wedbush upped their target price on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Susquehanna upped their target price on Tower Semiconductor from $180.00 to $330.00 and gave the company a “positive” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $276.75.

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.