Tower Semiconductor (TSEM)
Manufactures customer-specific analog, RF, power, imaging, and silicon photonics chips.
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Manufactures specialty semiconductors on customer-specific processes spanning RF, power management, imaging, sensors, and silicon photonics. A distributed fabrication network built through acquisitions and manufacturing partnerships supports customers across multiple regions, while capital-intensive capacity and partner facilities shape execution.
Manufactures specialty semiconductors using customer-specific processes across silicon germanium, silicon photonics, RF and mixed-signal CMOS, imaging and other sensors, power management, and non-volatile memory. The model centers on analog and specialty platforms rather than advanced digital logic.
Operates a distributed fabrication network assembled through acquisitions and partnerships in Israel, the United States, Japan, and Italy. Reusing acquired fabs, qualifying newer platforms, and working with customers on process development have expanded both manufacturing reach and technology breadth.
Execution depends on capital-intensive capacity transitions and partner-operated manufacturing. Older legacy flows have moved into newer facilities, while the Agrate partnership and Intel capacity agreement extend production without full ownership of every fab.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Barclays | Initiate | Rating: —Target: $142 | Target: $310 |
| Sep 1, 2026 | Stifel Nicolaus | Target | Target: — | Target: $270 |
| Aug 7, 2026 | Bank of America Securities | Initiate | Rating: — | |
| Aug 7, 2026 | National Bank | Upgrade | Rating: — | |
| May 14, 2026 | Wedbush | Reiterate | Rating: —Target: $140 | Target: $300 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.48B · Total debt $141.7M · Total assets $3.77B · Shareholders' equity $3.09B
- Revenue
- $460.1M
- Operating income
- $90.3M
- Net income
- $90.8M
No dividends on record.
| Institutions | 55.99% | 63.17M shares | |
|---|---|---|---|
| 481 holders · as of Jun 30, 2026 | |||
| Insiders | 0.80% | 899.6K shares | |
| 13 holders · as of Sep 14, 2026 | |||
| Strategic holders | 5.01% | 5.65M shares | |
| 1 holder · as of Jun 9, 2026 | |||
| Other | 38.20% | 43.10M shares | |
| remainder | |||
112.82M company shares as of Sep 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Price T Rowe Associates Inc /MD/Institution | 6.22% | 7.02M | as of Jun 30, 2026 |
Phoenix Financial Ltd.Strategic | 5.01% | 5.65M | filed Jun 9, 2026 |
Clal Insurance Enterprises Holdings LtdInstitution | 4.13% | 4.66M | as of Jun 30, 2026 |
Phoenix Holdings Ltd.Institution | 3.11% | 3.51M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.92% | 3.29M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | Yoav Chelouche | director | −232 | $215.06 |
| Aug 11, 2026 | Russell Craig Ellwanger | officer: Chief Executive Officer | −104,226 | $248.34 |
| Aug 10, 2026 | Russell Craig Ellwanger | officer: Chief Executive Officer | −77,309 | $254.52 |
| Jul 13, 2026 | Russell Craig Ellwanger | officer: Chief Executive Officer | −66,964 | $215.02 |
- GlobalFoundries
Direct specialty-foundry overlap in RF, silicon photonics, and power
- TSMC (ADR)
Scaled foundry alternative across RF, analog, power, sensors, and memory
- United Microelectronics (ADR)
Scaled mature-node overlap in RF-SOI, BCD, mixed-signal, and memory
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tower Semiconductor | $235.28 | +0.62% | $26.38B | 92.4 | 46.0 | 15.4 | +23.7% |
| GlobalFoundries | $48.69 | +0.26% | $26.65B | 37.9 | 22.7 | 3.8 | +5.8% |
| TSMC (ADR) | $446.91 | +0.40% | $2.31T | 32.4 | 29.5 | 16.4 | +24.0% |
| United Microelectronics (ADR) | $25.63 | +0.79% | $63.43B | 24.1 | 33.9 | 8.0 | +7.5% |
| Median | 32.4 | 29.5 | 8.0 | +7.5% |