Tower Semiconductor (NASDAQ:TSEM) Shares Up 7.5% – Here’s What Happened

Tower Semiconductor Ltd. (NASDAQ:TSEM)’s share price traded up 7.5% during trading on Wednesday . The stock traded as high as $268.88 and last traded at $268.3330. 370,952 shares traded hands during trading, a decline of 84% from the average session volume of 2,377,165 shares. The stock had previously closed at $249.58.

Key Tower Semiconductor News

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.

Wall Street Analyst Weigh In

TSEM has been the topic of several recent research reports. UBS Group restated a “buy” rating on shares of Tower Semiconductor in a research report on Wednesday, July 15th. Wedbush increased their target price on Tower Semiconductor from $140.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Bank of America started coverage on Tower Semiconductor in a report on Friday, August 7th. They set a “buy” rating and a $367.00 target price on the stock. National Bank Financial upgraded Tower Semiconductor to a “buy” rating in a research report on Friday, August 7th. Finally, Benchmark reaffirmed a “buy” rating on shares of Tower Semiconductor in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $294.80.

Tower Semiconductor Stock Performance

The firm has a market cap of $30.34 billion, a P/E ratio of 106.66 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. The stock’s 50-day moving average is $244.33 and its 200 day moving average is $203.03.

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

Institutional Trading of Tower Semiconductor

Several hedge funds have recently bought and sold shares of the stock. Plato Investment Management Ltd bought a new position in Tower Semiconductor in the second quarter valued at approximately $3,491,000. Fulcrum Equity Management acquired a new stake in shares of Tower Semiconductor during the second quarter worth $313,000. Assenagon Asset Management S.A. lifted its position in Tower Semiconductor by 4.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 118,406 shares of the semiconductor company’s stock valued at $30,378,000 after acquiring an additional 4,965 shares in the last quarter. 180 Wealth Advisors LLC acquired a new position in Tower Semiconductor in the 2nd quarter worth $293,000. Finally, Baron Wealth Management LLC boosted its stake in Tower Semiconductor by 19.1% in the 2nd quarter. Baron Wealth Management LLC now owns 2,423 shares of the semiconductor company’s stock worth $632,000 after purchasing an additional 388 shares during the period. 70.51% of the stock is currently owned by institutional investors and hedge funds.

About Tower Semiconductor

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.