Key Points
- CEO Russell Craig Ellwanger sold 181,535 Tower Semiconductor shares across August 10–11 transactions for approximately $45.6 million, reducing his holdings by about 27%.
- Tower Semiconductor reported quarterly EPS of $0.88, beating the $0.76 consensus estimate, while revenue of $460.08 million exceeded forecasts and increased 23.7% year over year.
- Analyst sentiment remains positive: Bank of America initiated coverage with a Buy rating and a $367 price target, while the stock has a consensus rating of Moderate Buy and an average target of $294.80.
Tower Semiconductor Ltd. (NASDAQ:TSEM - Get Free Report) CEO Russell Craig Ellwanger sold 77,309 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $254.52, for a total value of $19,676,686.68. Following the sale, the chief executive officer owned 631,014 shares in the company, valued at approximately $160,605,683.28. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Russell Craig Ellwanger also recently made the following trade(s):
- On Tuesday, August 11th, Russell Craig Ellwanger sold 104,226 shares of Tower Semiconductor stock. The shares were sold at an average price of $248.34, for a total value of $25,883,484.84.
Tower Semiconductor Trading Up 4.3%
Shares of TSEM stock opened at $260.31 on Thursday. The stock has a market cap of $29.27 billion, a P/E ratio of 102.89 and a beta of 0.90. The company has a quick ratio of 4.31, a current ratio of 4.91 and a debt-to-equity ratio of 0.04. Tower Semiconductor Ltd. has a fifty-two week low of $45.51 and a fifty-two week high of $319.94. The business has a fifty day simple moving average of $244.17 and a 200-day simple moving average of $203.95.
Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The business had revenue of $460.08 million for the quarter, compared to analyst estimates of $454.68 million. Tower Semiconductor had a net margin of 16.94% and a return on equity of 9.83%. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. On average, analysts forecast that Tower Semiconductor Ltd. will post 3.57 earnings per share for the current fiscal year.
Key Stories Impacting Tower Semiconductor
Here are the key news stories impacting Tower Semiconductor this week:
- Positive Sentiment: Analyst estimates were raised significantly. Zacks Research increased its forecasts to $0.95 EPS for the third quarter of 2026, $1.16 for the fourth quarter, $3.50 for full-year 2026 and $5.68 for 2027. The FY2027 estimate was raised from $4.42, suggesting expectations for accelerating earnings growth.
- Positive Sentiment: Bank of America initiated a Buy rating with a $367 price target, implying additional upside from recent trading levels and adding institutional support to the bullish case. BofA sets Tower Semiconductor buy rating and $367 price target
- Positive Sentiment: Tower and OpenLight expanded their photonics ecosystem by making OpenLight’s photonic process design kit available for Tower’s PH18DA indium-phosphide-on-silicon platform. The move could support future photonic integrated-circuit development and strengthen Tower’s position in high-growth optical and communications applications. OpenLight and Tower Semiconductor Expand PH18DA Photonics Ecosystem
- Neutral Sentiment: Management will participate in two upcoming investor conferences—the Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 25–26 and the Benchmark-StoneX technology conference on September 10. These events may provide additional business updates but do not represent new financial guidance. Tower Semiconductor to Participate in August and September Investor Conferences
- Negative Sentiment: CEO Russell Craig Ellwanger sold 181,535 shares across transactions on August 10 and 11 for approximately $45.6 million, reducing his holdings by roughly 27% in total. While insider sales can be planned for personal or diversification reasons, the sizable transactions may weigh on sentiment.
Analyst Ratings Changes
Several brokerages have issued reports on TSEM. National Bank Financial raised shares of Tower Semiconductor to a "buy" rating in a report on Friday, August 7th. Bank of America assumed coverage on shares of Tower Semiconductor in a research note on Friday, August 7th. They set a "buy" rating and a $367.00 price objective for the company. Wedbush lifted their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. Benchmark reaffirmed a "buy" rating on shares of Tower Semiconductor in a research note on Wednesday, August 5th. Finally, UBS Group reiterated a "buy" rating on shares of Tower Semiconductor in a report on Wednesday, July 15th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $294.80.
Read Our Latest Research Report on Tower Semiconductor
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new position in Tower Semiconductor in the 1st quarter valued at about $53,000. CIBC Private Wealth Group LLC boosted 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. Kestra Advisory Services LLC acquired a new stake in shares of Tower Semiconductor during the 4th quarter worth about $52,000. SBI Securities Co. Ltd. grew its holdings in shares of Tower Semiconductor by 344.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 520 shares of the semiconductor company's stock worth $61,000 after buying an additional 403 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tower Semiconductor during the fourth quarter worth about $76,000. Institutional investors and hedge funds own 70.51% of the company's stock.
About Tower Semiconductor
(
Get Free Report)
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.
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