Public Employees Retirement System of Ohio Raises Stock Position in Tower Semiconductor Ltd. $TSEM

Public Employees Retirement System of Ohio increased its stake in Tower Semiconductor Ltd. (NASDAQ:TSEM) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,610 shares of the semiconductor company’s stock after acquiring an additional 2,259 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Tower Semiconductor were worth $2,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSEM. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in Tower Semiconductor during the 1st quarter worth $33,211,000. Menora Mivtachim Holdings LTD. boosted its stake in Tower Semiconductor by 39.7% during the 1st quarter. Menora Mivtachim Holdings LTD. now owns 1,879,207 shares of the semiconductor company’s stock worth $67,013,000 after purchasing an additional 533,700 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Tower Semiconductor by 219.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 641,105 shares of the semiconductor company’s stock worth $22,362,000 after purchasing an additional 440,314 shares during the last quarter. Voya Investment Management LLC boosted its stake in Tower Semiconductor by 45.1% during the 1st quarter. Voya Investment Management LLC now owns 918,068 shares of the semiconductor company’s stock worth $32,738,000 after purchasing an additional 285,471 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Tower Semiconductor by 14.2% during the 1st quarter. Invesco Ltd. now owns 2,010,856 shares of the semiconductor company’s stock worth $71,707,000 after purchasing an additional 249,621 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

Tower Semiconductor Stock Performance

TSEM stock opened at $76.19 on Friday. The stock has a 50-day moving average price of $58.40 and a 200-day moving average price of $46.16. Tower Semiconductor Ltd. has a 1-year low of $28.64 and a 1-year high of $76.41. 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 firm has a market cap of $8.44 billion, a PE ratio of 43.79 and a beta of 0.87.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TSEM shares. Susquehanna set a $66.00 target price on shares of Tower Semiconductor and gave the stock a “positive” rating in a research note on Tuesday, August 5th. Barclays began coverage on shares of Tower Semiconductor in a research report on Thursday, September 18th. They set an “equal weight” rating and a $74.00 price target on the stock. Wedbush set a $65.00 price target on shares of Tower Semiconductor and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Finally, Benchmark boosted their price target on shares of Tower Semiconductor from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Tower Semiconductor has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Tower Semiconductor Company 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.