Tower Semiconductor (NASDAQ:TSEM) CEO Sells $25,883,484.84 in Stock

Tower Semiconductor Ltd. (NASDAQ:TSEM) CEO Russell Craig Ellwanger sold 104,226 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $248.34, for a total value of $25,883,484.84. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Russell Craig Ellwanger also recently made the following trade(s):

• On Monday, August 10th, Russell Craig Ellwanger sold 77,309 shares of Tower Semiconductor stock. The shares were sold at an average price of $254.52, for a total transaction of $19,676,686.68.

Tower Semiconductor Stock Up 8.2%

TSEM stock traded up $20.35 during midday trading on Wednesday, reaching $269.93. 1,141,254 shares of the company were exchanged, compared to its average volume of 2,382,317. The company has a market cap of $30.35 billion, a price-to-earnings ratio of 106.69 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.31 and a current ratio of 4.91. Tower Semiconductor Ltd. has a 1-year low of $45.51 and a 1-year high of $319.94. The stock’s 50-day simple moving average is $244.33 and its 200 day simple moving average is $203.03.

Tower Semiconductor (NASDAQ:TSEM) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. The business 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities analysts forecast that Tower Semiconductor Ltd. will post 3.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSEM has been the topic of a number of research analyst reports. Susquehanna lifted their target price on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research report on Thursday, May 14th. National Bank Financial upgraded Tower Semiconductor to a “buy” rating in a research note on Friday, August 7th. Wedbush lifted their price target on Tower Semiconductor from $140.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. UBS Group reissued a “buy” rating on shares of Tower Semiconductor in a report on Wednesday, July 15th. Finally, Benchmark restated a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $294.80.

Tower Semiconductor News Roundup

Here are the key news stories impacting Tower Semiconductor this week:

• Positive Sentiment: Higher earnings forecasts: Zacks Research raised its estimates for Tower’s third-quarter 2026 EPS to $0.95 from $0.78, fourth-quarter EPS to $1.16 from $0.94, fiscal 2026 EPS to $3.50 from $3.00, and fiscal 2027 EPS to $5.68 from $4.42. The upgrades imply stronger expected earnings momentum than the current full-year consensus estimate of $3.04. Zacks Research estimates
• Positive Sentiment: Positive analyst stance: Bank of America initiated a Buy rating on Tower Semiconductor and assigned a $367 price target, supporting investor confidence in additional upside for the shares. BofA Buy rating and price target
• Positive Sentiment: Photonics ecosystem expansion: Tower and OpenLight announced availability of OpenLight’s photonic process design kit for Tower’s PH18DA indium-phosphide-on-silicon platform. The expanded ecosystem could help accelerate photonic integrated-circuit development and strengthen Tower’s position in high-growth optical and data-center applications. OpenLight and Tower photonics announcement
• Neutral Sentiment: Upcoming investor conferences: Tower representatives will participate in the Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 25–26 and the Benchmark-StoneX Tech, Media and Telecom Conference on September 10. These events may provide updates on demand, capacity and guidance, but no new financial targets were disclosed. Tower investor conference announcement
• Neutral Sentiment: Short-interest data: The reported August short interest was zero shares, unchanged from the prior period, indicating no meaningful short-covering catalyst or bearish positioning signal in the available data.

Hedge Funds Weigh In On Tower Semiconductor

Several institutional investors have recently added to or reduced their stakes in TSEM. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Tower Semiconductor by 0.8% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,002,806 shares of the semiconductor company’s stock valued at $352,589,000 after purchasing an additional 25,000 shares during the period. Rockingstone Advisors LLC purchased a new position in Tower Semiconductor in the 4th quarter valued at $5,296,000. Swiss National Bank grew its position in Tower Semiconductor by 86.0% in the 1st quarter. Swiss National Bank now owns 414,850 shares of the semiconductor company’s stock valued at $70,625,000 after buying an additional 191,839 shares during the last quarter. GF Fund Management CO. LTD. increased its stake in Tower Semiconductor by 26,835.5% in the 4th quarter. GF Fund Management CO. LTD. now owns 308,412 shares of the semiconductor company’s stock valued at $36,214,000 after buying an additional 307,267 shares during the period. Finally, WT Asset Management Ltd acquired a new position in Tower Semiconductor in the 4th quarter valued at $78,967,000. Institutional investors and hedge funds own 70.51% of the company’s stock.

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.