Legal & General Group Plc Has $16.82 Million Stock Position in Tower Semiconductor Ltd. $TSEM
Legal & General Group Plc increased its stake in Tower Semiconductor Ltd. by 12.2% in Q2, owning 387,410 shares worth $16.82 million. Analysts have raised price targets for TSEM, with a consensus rating of "Moderate Buy" and a target of $119.25. Tower Semiconductor reported Q3 earnings of $0.55 per share, meeting estimates, with revenue up 6.9% year-over-year. Institutional investors own 70.51% of the stock.
Legal & General Group Plc grew its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM - Free Report) by 12.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 387,410 shares of the semiconductor company's stock after acquiring an additional 42,160 shares during the period. Legal & General Group Plc owned 0.35% of Tower Semiconductor worth $16,820,000 at the end of the most recent quarter.
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A number of other institutional investors also recently made changes to their positions in TSEM. Senvest Management LLC increased its stake in shares of Tower Semiconductor by 0.9% during the second quarter. Senvest Management LLC now owns 8,128,614 shares of the semiconductor company's stock worth $352,375,000 after purchasing an additional 69,207 shares during the period. Vanguard Group Inc. grew its holdings in Tower Semiconductor by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 4,087,155 shares of the semiconductor company's stock valued at $145,106,000 after buying an additional 93,868 shares in the last quarter. Meitav Investment House Ltd. increased its position in Tower Semiconductor by 1.0% during the 2nd quarter. Meitav Investment House Ltd. now owns 2,242,514 shares of the semiconductor company's stock worth $97,247,000 after buying an additional 22,873 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Tower Semiconductor by 12.2% during the first quarter. Wellington Management Group LLP now owns 2,240,229 shares of the semiconductor company's stock worth $79,887,000 after buying an additional 243,267 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Tower Semiconductor by 14.2% during the first quarter. Invesco Ltd. now owns 2,010,856 shares of the semiconductor company's stock worth $71,707,000 after buying an additional 249,621 shares in the last quarter. Institutional investors own 70.51% of the company's stock.
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Wall Street Analyst Weigh In
A number of research firms recently commented on TSEM. Susquehanna raised their price target on shares of Tower Semiconductor from $100.00 to $135.00 and gave the stock a "positive" rating in a research report on Tuesday, November 11th. Weiss Ratings restated a "hold (c)" rating on shares of Tower Semiconductor in a research report on Tuesday. Wedbush raised their target price on shares of Tower Semiconductor from $85.00 to $125.00 and gave the stock an "outperform" rating in a report on Tuesday, November 11th. Barclays boosted their price target on Tower Semiconductor from $74.00 to $97.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 11th. Finally, Benchmark increased their price target on Tower Semiconductor from $73.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Tower Semiconductor presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.25.
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Read Our Latest Analysis on TSEM
Tower Semiconductor Stock Performance
NASDAQ TSEM opened at $108.16 on Friday. The firm's 50 day simple moving average is $82.78 and its 200 day simple moving average is $60.35. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 62.16 and a beta of 0.94. The company has a current ratio of 6.57, a quick ratio of 5.50 and a debt-to-equity ratio of 0.05. Tower Semiconductor Ltd. has a 1 year low of $28.64 and a 1 year high of $109.06.
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Tower Semiconductor (NASDAQ:TSEM - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The semiconductor company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $395.67 million during the quarter, compared to the consensus estimate of $394.98 million. Tower Semiconductor had a net margin of 13.20% and a return on equity of 7.37%. The company's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. Tower Semiconductor has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Tower Semiconductor Ltd. will post 1.67 earnings per share for the current fiscal year.
Tower Semiconductor Profile
(Free Report)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.
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