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Tower Semiconductor Draws New $109 Million Institutional Stake Amid a 127% Stock Run

The Motley Fool Logo The Motley Fool By Jonathan Ponciano
Tower Semiconductor Draws New $109 Million Institutional Stake Amid a 127% Stock Run

Hood River Capital Management established a new $109.22 million position in Tower Semiconductor, acquiring 1.51 million shares in Q3. The investment reflects institutional confidence in the company despite its 127% stock surge over the past year. Tower Semiconductor reported strong Q3 results with $396 million in revenue and record Q4 guidance of $440 million, while committing $300 million to expand capacity for high-margin data center and optical transceiver markets.

Insights
TSEM   positive

Strong institutional investment vote of confidence, impressive 127% year-over-year stock performance, solid Q3 revenue growth (6% sequential), record Q4 guidance of $440 million, and strategic $300 million capital commitment to expand high-margin data center and optical transceiver capacity indicate robust business momentum and future growth potential.