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

Company Overview - Tower Semiconductor is a leading pure-play foundry specializing in analog and mixed-signal semiconductor manufacturing, with a global workforce of over 5,600 employees [6] - The company leverages advanced process technologies and a flexible manufacturing model to meet specialized customer requirements in high-growth, high-reliability end markets [6] - Tower Semiconductor's revenue for the trailing twelve months (TTM) is $1.51 billion, with a net income of $195.48 million [4] Recent Developments - Hood River Capital Management established a new position in Tower Semiconductor, acquiring 1.51 million shares valued at approximately $109.22 million as of September 30, representing 1.29% of the fund's $8.47 billion in reportable U.S. equity assets [2][3] - As of the latest report, shares of Tower Semiconductor were priced at $118.08, reflecting a 127% increase over the past year, significantly outperforming the S&P 500's 17% gain during the same period [3] Financial Performance - Tower Semiconductor reported revenue of $396 million in the third quarter, marking a 6% sequential increase, while net income rose to $54 million, or $0.48 per share [7] - The company is projecting a record revenue of $440 million for the fourth quarter, indicating strong momentum in its financial performance [9] Strategic Focus - Tower Semiconductor is investing an additional $300 million to expand its SiPho and SiGe capacity, targeting optical transceivers and data center demand, which are expected to have structurally higher margins and long-duration growth drivers [9] - The company operates as an independent foundry, generating revenue through manufacturing and customizing semiconductor wafers for integrated device manufacturers and fabless companies on a contract basis [8]