Cresset Asset Management LLC Trims Stake in Tower Semiconductor Ltd. $TSEM

Cresset Asset Management LLC reduced its holdings in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 39.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,460 shares of the semiconductor company’s stock after selling 4,269 shares during the quarter. Cresset Asset Management LLC’s holdings in Tower Semiconductor were worth $230,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TSEM. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Tower Semiconductor during the first quarter worth about $551,000. Wealth Enhancement Advisory Services LLC lifted its position in Tower Semiconductor by 8.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,715 shares of the semiconductor company’s stock valued at $525,000 after purchasing an additional 1,138 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Tower Semiconductor in the 4th quarter worth approximately $247,000. Fifth Third Bancorp increased its holdings in shares of Tower Semiconductor by 18.0% in the 1st quarter. Fifth Third Bancorp now owns 9,885 shares of the semiconductor company’s stock worth $352,000 after buying an additional 1,509 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Tower Semiconductor during the 4th quarter valued at $249,000. Institutional investors own 70.51% of the company’s stock.

Tower Semiconductor Stock Up 4.2%

TSEM opened at $60.00 on Wednesday. Tower Semiconductor Ltd. has a 12 month low of $28.64 and a 12 month high of $60.64. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $46.80 and its 200-day moving average price is $41.80. The company has a market cap of $6.65 billion, a P/E ratio of 34.48 and a beta of 0.77.

Tower Semiconductor (NASDAQ:TSEM) last issued its earnings results on Monday, August 4th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The company had revenue of $372.06 million for the quarter, compared to analysts’ expectations of $371.63 million. Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. Tower Semiconductor has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Tower Semiconductor Ltd. will post 1.67 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on TSEM. Susquehanna set a $66.00 target price on shares of Tower Semiconductor and gave the stock a “positive” rating in a research report on Tuesday, August 5th. Benchmark reiterated a “buy” rating and set a $66.00 price objective (up from $60.00) on shares of Tower Semiconductor in a research report on Monday, August 4th. Finally, Wedbush set a $65.00 price objective on Tower Semiconductor and gave the company an “outperform” rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $64.25.

Tower Semiconductor Profile

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.