On September 16, Tower Semiconductor rose 5.06% in regular trading, trading at 206.01 USD/share, with Turnover of $19.26 million.

On the news front, according to a filing submitted to the U.S. Securities and Exchange Commission, Andar Capital Management Hk Ltd significantly increased its holdings in Tower Semiconductor by approximately 28.02 million shares compared to the previous quarter, now holding approximately 28.15 million shares, representing a 24.95% stake — a staggering change of 21,553.17%. The massive institutional accumulation appears to have fueled bullish sentiment and driven the stock higher.

Notably, Tower Semiconductor had previously declined nearly 10% on September 14 amid broad-based weakness across the semiconductor sector. The rebound comes as the company continues to benefit from strong fundamentals, having reported Q2 adjusted EPS of $0.88, well above the $0.76 consensus estimate, with revenue of $460.08 million also beating expectations. The company guided Q3 revenue of approximately $520 million, significantly above the $490 million FactSet estimate. Multiple investment banks, including BofA Securities and Stifel, have initiated coverage with Buy ratings.

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