$TSEM

Tower Semiconductor (TSEM) shares rose 7.84% on September 4, 2026, driven by optimism around its semiconductor growth prospects. The stock has shown volatility, trading between $200 and $277 recently. Analysts from BofA and Stifel have issued bullish ratings, with price targets of $367 and $270 respectively. The company reported $1.57B in revenue over the last year, with a price-to-sales ratio of 14.93. Its balance sheet shows $3.32B in assets and $1.15B in cash. Analysts highlight TSEM's role i

The Tel Aviv Stock Exchange rose, with the Tel Aviv 35 Index up 1.30% to 4,201.89 points. Banks and chip companies led gains, while Palo Alto Networks fell 8.39% after earnings. Turnover was NIS 5.12 billion in equities. The shekel strengthened against the dollar and euro.

Major indices closed lower Tuesday due to war tensions and rising oil prices. The 30-year Treasury yield hit 5.27%, its highest since 2007, while Brent Crude surged 5% to $95. Analysts initiated coverage on Ally Financial (Strong Buy, $55 target) and GLOBAL FOUNDRIES (Buy, $60 target), among others.

The Tel Aviv Stock Exchange rose after the Bank of Israel cut interest rates to 3.25%. The Tel Aviv 35 Index gained 0.22%, while Dimri led gains with a 5.47% rise. OPC Energy fell 4.67%, the biggest decline. Key movers included Elbit Systems, Teva, and Ormat, which rose, and Camtek and Tower Semiconductor, which fell.

Tradr ETFs launched five new 2X leveraged ETFs tracking Ciena (CIEN), Quantinuum (QNT), Rambus (RMBS), Tower Semiconductor (TSEM), and TTM Technologies (TTMI). The ETFs aim to deliver 200% of the daily performance of the underlying stocks and are listed on Cboe. Tradr manages $10B in assets across 72 leveraged ETFs, targeting sophisticated investors.

Israeli companies invested $3.2B in Texas in 2024, creating 4,200 jobs, with key sectors including AI, cyber, and defense. Texas doubled its investment in Israel bonds to $280M. Top investors include Nofar, Wiz, and Elbit Systems. Texas plans a trade office in Jerusalem, pending contractor selection.

The Tel Aviv Stock Exchange was mostly flat, with the Tel Aviv 35 Index up 0.04%. Chip companies led declines, with Tower Semiconductor (TSEM) down 8.71%, Camtek (CAMT) down 5.63%, and Nova (NVMI) down 5.46%. Banks and Shufersal (SAE) rose, with Bank Hapoalim (POLI) up 1.85% and Shufersal up 4.58%.

United Microelectronics (UMC) fell 7% to $18.22, Tower Semiconductor (TSEM) dropped 10% to $236.1, and GlobalFoundries (GFS) declined 7% to $49.78 due to fears of reduced AI spending. The selloff is sector-wide, driven by concerns about future demand and high valuations. UMC's YTD gain is 153%, TSEM's is 125%, and GFS's is 53%. The iShares Semiconductor ETF (SOXX) also fell 6%.

Tower Semiconductor reported Q3 2026 EPS of $0.79, missing expectations and ending a five-quarter earnings beat streak. Revenue rose 16.3% year over year, supported by higher-value silicon photonics shipments and gross margin improvement. Management guided to a record $520M revenue quarter and said long-term customer advances rose to $145.4M. Japan expansion plans include METI-backed 300mm silicon photonics manufacturing.

Korea Securities Depository data (3rd to 14th) show South Korean investors were net buyers of Japanese semiconductor-related stocks, led by Murata Manufacturing ($5.32M) and Tokyo Electron ($2.26M). Arisawa Manufacturing and Micronix also ranked in the top net buys. Global X Japan Semiconductor ETF was among top 10. Kioxia rebounded after a July drop, with net purchases of about $0.97M and a brief net sale.