Russell Craig Ellwanger Sells 77,309 Shares of Tower Semiconductor (NASDAQ:TSEM) Stock

Tower Semiconductor Ltd. (NASDAQ:TSEM) 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 of the company’s stock, valued at approximately $160,605,683.28. The trade was a 10.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $25,883,484.84.

Tower Semiconductor Trading Up 8.2%

NASDAQ TSEM traded up $20.35 during trading hours on Wednesday, hitting $269.93. The company’s stock had a trading volume of 1,141,254 shares, compared to its average volume of 2,382,317. The stock has a fifty day moving average of $244.33 and a 200 day moving average of $203.03. The company has a quick ratio of 4.31, a current ratio of 4.91 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $30.35 billion, a P/E ratio of 106.69 and a beta of 0.90. Tower Semiconductor Ltd. has a twelve month low of $45.51 and a twelve month high of $319.94.

Tower Semiconductor (NASDAQ:TSEM) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. Tower Semiconductor had a return on equity of 9.83% and a net margin of 16.94%.The business had revenue of $460.08 million for the quarter, compared to analyst estimates of $454.68 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. Equities research analysts forecast that Tower Semiconductor Ltd. will post 3.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tower Semiconductor

A number of large investors have recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in shares of Tower Semiconductor in the 2nd quarter valued at about $3,491,000. Fulcrum Equity Management acquired a new position in shares of Tower Semiconductor during the second quarter worth about $313,000. Assenagon Asset Management S.A. boosted its position in shares of Tower Semiconductor by 4.4% during the second quarter. Assenagon Asset Management S.A. now owns 118,406 shares of the semiconductor company’s stock worth $30,378,000 after buying an additional 4,965 shares during the period. 180 Wealth Advisors LLC bought a new position in shares of Tower Semiconductor during the second quarter worth about $293,000. Finally, Baron Wealth Management LLC grew its holdings in shares of Tower Semiconductor by 19.1% during the second quarter. Baron Wealth Management LLC now owns 2,423 shares of the semiconductor company’s stock worth $632,000 after buying an additional 388 shares in the last quarter. Institutional investors own 70.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group reissued a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, July 15th. National Bank Financial raised Tower Semiconductor to a “buy” rating in a research report on Friday, August 7th. Susquehanna raised their price target on Tower Semiconductor from $180.00 to $330.00 and gave the stock a “positive” rating in a research report on Thursday, May 14th. Benchmark reiterated a “buy” rating on shares of Tower Semiconductor in a report on Wednesday, August 5th. Finally, Wedbush boosted their price objective on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $294.80.

Key Headlines Impacting Tower Semiconductor

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.

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.