Driehaus Capital Management 13F: New $103M Stake in TSEM

Driehaus Capital Management has opened a new position in Tower Semiconductor Ltd. (NasdaqGS: TSEM) according to its latest 13F filing with the SEC. The firm acquired 326,103 shares of the semiconductor company, valued at approximately $103.3 million, as of the end of the reporting period.

What Changed in Driehaus Capital Management's Tower Semiconductor Position

Driehaus Capital Management initiated a stake in Tower Semiconductor by purchasing 326,103 shares. This new position reflects a significant investment valued at about $103.3 million.

Other Institutional Activity in Tower Semiconductor

Among other institutional investors, Price T Rowe Associates Inc. increased its holdings in Tower Semiconductor by 2,673,246 shares, bringing its total to 7,355,398 shares worth roughly $1.29 billion. BlackRock, Inc. also boosted its stake by 362,160 shares to 4,269,304 shares, valued at approximately $749.2 million. On the other hand, Clal Insurance Enterprises Holdings Ltd reduced its position by 850,230 shares, ending with 3,972,608 shares worth about $684.5 million. Phoenix Financial Ltd. also trimmed its holdings, cutting 438,850 shares to hold 3,390,687 shares valued at $595 million. Vanguard Capital Management LLC opened a new position with 3,083,829 shares valued at $545.5 million.

Tower Semiconductor Ltd. Stock Up 51.5%

Shares of Tower Semiconductor traded near $316.85 on Wednesday. The company, with a market cap of $37.58 billion, has a P/E ratio of 147.37 and a forward P/E of 55.22. Its beta is 0.872, indicating lower volatility compared to the market. The stock's 52-week range is between $38.90 and $319.84, with a 50-day moving average of $239.50 and a 200-day moving average of $143.24. Tower Semiconductor maintains a strong current ratio of 5.63 and a quick ratio of 4.75, with a debt-to-equity ratio of 5.24.

Recent Earnings

Tower Semiconductor reported revenue of $1.62 billion, reflecting a growth rate of 15.5%. The company achieved a net margin of 15.13% and a return on equity of 8.69%. Earnings per share stood at $2.15. The next earnings report is expected on August 3, 2026.

Insider Buying and Selling at Tower Semiconductor Ltd.

On November 19, 2025, Amir Elstein sold 64,000 shares at an average price of $96.67. This transaction was not part of a pre-planned trading program.

Analysts Set New Price Targets

On May 14, 2026, Benchmark maintained its buy rating on Tower Semiconductor with a price target of $335. Similarly, Susquehanna kept a buy rating with a $330 target. Wedbush maintained a hold rating with a $300 target. The consensus among analysts is a strong buy, with an average target price of $313.83 based on six opinions.

About Tower Semiconductor

Tower Semiconductor Ltd., headquartered in Migdal Haemek, Israel, is an independent semiconductor foundry that provides technology and development platforms for integrated circuits. The company offers a range of customizable process technologies such as SiGe, SiPho, mixed signal CMOS, and more. It serves various sectors including consumer electronics, automotive, industrial, and medical devices. Tower Semiconductor was founded in 1993 and is led by CEO Russell C. Ellwanger.

Bottom Line

Driehaus Capital Management's new investment in Tower Semiconductor highlights the firm's interest in the semiconductor industry. Investors often track such moves through 13F filings to gauge institutional confidence. It's important to note that these filings are backward-looking and may not reflect current positions.