Tower Semiconductor gains larger stakes from major hedge funds

Rokos Capital Management LLP increased its holding in Tower Semiconductor Ltd. by 16.3%, bringing its total to 237,628 shares (about 0.21% of the company, valued at roughly $41.7 million). Renaissance Technologies LLC added 9.7% to its position, ending the quarter with 274,749 shares (around 0.24%, valued at about $48.2 million). Together with other investors, hedge funds now own roughly 70.5% of Tower Semiconductor’s outstanding stock. Analysts from Benchmark, UBS Group, Wedbush and Susquehanna have reaffirmed or raised buy‑ratings and price targets on the semiconductor firm amid the increased institutional interest.