• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G filed by Tower Semiconductor Ltd.

    12/9/24 9:15:24 AM ET
    $TSEM
    Semiconductors
    Technology
    Get the next $TSEM alert in real time by email
    SC 13G 1 zk2432444.htm SC 13G


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C.  20549

    SCHEDULE 13G

    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    (Amendment No.)*

    Tower Semiconductor Ltd.
    (Name of Issuer)

    Ordinary Shares, par value NIS 15.00 per share
     (Title of Class of Securities)

    M87915274
    (CUSIP Number)

    December 3, 2024
     (Date of Event Which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☐ Rule 13d-1(b)

    ☒ Rule 13d-1(c)

    ☐ Rule 13d-1(d)

    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


    CUSIP No. M87915274
    13G
    Page 2 of 6 Pages

    1
    NAMES OF REPORTING PERSONS
     
     
     
    Menora Mivtachim Holdings Ltd.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a) ☐
       
    (b) ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
     
    Israel
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
     
    ---
     
     
     
     
    6
    SHARED VOTING POWER
     
     
     
    5,655,282 (*)
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
     
    ---
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
     
    5,655,282 (*)
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
     
    5,655,282 (*)
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     

    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
     
    5.08% (*) (**)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
     
    CO
     
     
     
     

    (*) The beneficial ownership of the securities reported herein is described in Item 4(a).

    (**) Based on 111,290,803 Ordinary Shares outstanding as of December 5, 2024 (as reported on Bloomberg LP).


    Item 1. (a)
    Name of Issuer:

    Tower Semiconductor Ltd.


    (b)
    Address of Issuer's Principal Executive Offices:

    Ramat Gavriel Industrial Park, P.O.  Box 619, Migdal Haemek 2310502, Israel.

    Item 2. (a)
    Name of Person Filing:

    Menora Mivtachim Holdings Ltd.


    (b)
    Address of Principal Business Office:

    Menora Mivtachim Holdings Ltd. – Menora House, 23 Jabotinsky St., Ramat Gan 5251102, Israel


    (c)
    Citizenship or Place of Incorporation:

    Menora Mivtachim Holdings Ltd. – Israel


    (d)
    Title of Class of Securities:

    Ordinary Shares, par value NIS 15.00 per share

    (e)
    CUSIP Number:

    M87915274

    Item 3.
    Not applicable.

    Item 4.
    Ownership:


    (a)
    Amount beneficially owned:

    See row 9 of cover page of each reporting person.

    As of December 5, 2024, the securities reported herein were held as follows:

    •
    4,831,318 ordinary shares (representing 4.34% of the total ordinary shares outstanding) beneficially owned by Menora Mivtachim Pensions and Gemel Ltd.;
    •
    764,630 ordinary shares (representing 0.69% of the total ordinary shares outstanding) beneficially owned by Menora Mivtachim Insurance Ltd.;
    •
    36,037 ordinary shares (representing 0.03% of the total ordinary shares outstanding) beneficially owned by Menora Mivtachim Vehistadrut Hamehandesim Nihul Kupot Gemel Ltd.; and
    •
    23,298 ordinary shares (representing 0.02% of the total ordinary shares outstanding) beneficially owned by Shomera Insurance Company Ltd.

    The securities reported herein are beneficially owned by Menora Mivtachim Holdings Ltd. ("Menora Holdings") and by entities that are direct or indirect, wholly-owned or majority-owned, subsidiaries of Menora Holdings (the "Subsidiaries"), such as Menora Mivtachim Insurance Ltd., Shomera Insurance Company Ltd., Menora Mivtachim Pensions and Gemel Ltd., Menora Mivtachim Vehistadrut Hamehandesim Nihul Kupot Gemel Ltd., and Menora Mivtachim Investment Portfolio Management Ltd.  The economic interest or beneficial ownership in a portion of the securities covered by this report (including the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities) is held for the benefit of insurance policy holders, the owners of portfolio accounts, or the members of the provident funds or pension funds, as the case may be.  This statement on Schedule 13G shall not be construed as an admission by Menora Holdings or by any of the Subsidiaries that it is the beneficial owner of any of such securities covered by this statement on Schedule 13G, and each of Menora Holdings and the Subsidiaries disclaims beneficial ownership of any such securities except to the extent of its pecuniary interest therein.

    3

    (b)
    Percent of class:

    See row 11 of cover page of each reporting person


    (c)
    Number of shares as to which such person has:

    (i)
    Sole power to vote or to direct the vote:

    See row 5 of cover page of each reporting person

    (ii)
    Shared power to vote or to direct the vote:

    See row 6 of cover page of each reporting person and note in Item 4(a) above

    (iii)
    Sole power to dispose or to direct the disposition of:

    See row 7 of cover page of each reporting person

    (iv)
    Shared power to dispose or to direct the disposition of:

    See row 8 of cover page of each reporting person and note in Item 4(a) above

    Item 5.
    Ownership of Five Percent or Less of a Class:

    Not applicable.

    4

    Item 6.
    Ownership of More than Five Percent on Behalf of Another:

    The beneficial ownership of the securities reported herein is described in Item 4(a).

    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

    Not applicable.

    Item 8.
    Identification and Classification of Members of the Group:

    Not applicable.

    Item 9.
    Notice of Dissolution of Group:

    Not applicable.

    Item 10.
    Certification:

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

    5

     SIGNATURE

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
     
    December 8, 2024
     
      Menora Mivtachim Holdings Ltd.




    /s/ Ran Kalmi
    /s/ Nir Moroz

    By: Ran Kalmi By: Nir Moroz

    Title: CFO Title: Authorized Signatory 

    6

    Get the next $TSEM alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $TSEM

    DatePrice TargetRatingAnalyst
    2/3/2025Outperform
    Wedbush
    5/10/2024$36.00 → $55.00Neutral → Positive
    Susquehanna
    2/29/2024$36.00Neutral
    Susquehanna
    10/25/2023$35.00Buy
    The Benchmark Company
    8/17/2023$53.00 → $38.00Hold → Buy
    Craig Hallum
    2/15/2022$45.00Buy → Hold
    Needham
    12/8/2021$42.00 → $46.00Buy
    Jefferies
    More analyst ratings

    $TSEM
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Tower Semiconductor to Attend the 22nd Annual Craig-Hallum Institutional Investor Conference and the 53rd Annual TD Cowen Technology, Media & Telecom Conference

      MIGDAL HAEMEK, Israel, May 08, 2025 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will participate in the 22nd Annual Craig-Hallum Institutional Investor Conference in Minneapolis on Wednesday, May 28 and in the 53rd Annual TD Cowen Technology, Media & Telecom Conference in New York on Thursday, May 29. There will be an opportunity for investors to meet one-on-one with company representatives. Interested investors should contact the conference organizers or email the investor relations team at [email protected]. About Tower Semiconductor Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog sem

      5/8/25 8:30:00 AM ET
      $TSEM
      Semiconductors
      Technology
    • AEye Appoints Doron Simon to its Board of Directors

      AEye, Inc. (NASDAQ:LIDR), a global leader in adaptive, high-performance lidar solutions, announced it has appointed Doron Simon to its Board of Directors effective April 29, 2025. Mr. Simon's appointment is the result of the Company's commitment to the thoughtful and continuous refreshment of its Board to best meet the evolving needs of AEye. Mr. Simon, age 59, brings deep experience in strategic consulting and M&A advisory services as the Founder of DSimonSays Inc., Managing Director at Stanton Park Capital, and a Partner at Transformation Equity Partners. His advisory work focuses on scaling technology firms to profitability through organic and non-organic growth. Prior to being an advis

      5/1/25 7:00:00 PM ET
      $LIDR
      $NICE
      $TSEM
      $ULY
      Auto Parts:O.E.M.
      Consumer Discretionary
      Computer Software: Prepackaged Software
      Technology
    • Tower Semiconductor Announces First Quarter 2025 Financial Results and Conference Call

      MIGDAL HAEMEK, Israel – April 23, 2025 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high value analog semiconductor solutions, will issue its first quarter 2025 earnings release on Wednesday, May 14, 2025. The Company will hold a conference call to discuss its first quarter 2025 financial results and second quarter 2025 guidance on Wednesday, May 14, 2025, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time). The call will be webcast and available through the Investor Relations section of Tower Semiconductor's website at https://ir.towersemi.com/, where the pre-registration form required for dial-in partici

      4/23/25 6:00:00 AM ET
      $TSEM
      Semiconductors
      Technology

    $TSEM
    Leadership Updates

    Live Leadership Updates

    See more
    • AEye Appoints Doron Simon to its Board of Directors

      AEye, Inc. (NASDAQ:LIDR), a global leader in adaptive, high-performance lidar solutions, announced it has appointed Doron Simon to its Board of Directors effective April 29, 2025. Mr. Simon's appointment is the result of the Company's commitment to the thoughtful and continuous refreshment of its Board to best meet the evolving needs of AEye. Mr. Simon, age 59, brings deep experience in strategic consulting and M&A advisory services as the Founder of DSimonSays Inc., Managing Director at Stanton Park Capital, and a Partner at Transformation Equity Partners. His advisory work focuses on scaling technology firms to profitability through organic and non-organic growth. Prior to being an advis

      5/1/25 7:00:00 PM ET
      $LIDR
      $NICE
      $TSEM
      $ULY
      Auto Parts:O.E.M.
      Consumer Discretionary
      Computer Software: Prepackaged Software
      Technology
    • SolarEdge Appoints New Director to Its Board

      SolarEdge Technologies, Inc. ("SolarEdge" or the "Company") (NASDAQ:SEDG), a global leader in smart energy technology, announced today the appointment of Ms. Dana Gross as a member of its Board of Directors, effective July 5, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230707196174/en/Dana Gross (Photo: Business Wire) Dana Gross joins SolarEdge as a well-seasoned board member. She will serve on the Board's Audit Committee and qualifies as an Audit Committee financial expert. Ms. Gross currently serves on the board of directors of Tower Semiconductors Ltd. (NASDAQ:TSEM) and Playtika Holding Inc. (NASDAQ:PLTK). Since 2022

      7/7/23 7:00:00 AM ET
      $PLTK
      $SEDG
      $TSEM
      $VMI
      EDP Services
      Technology
      Semiconductors
      Metal Fabrications
    • Start-Up Nation Central appoints Avi Hasson as new CEO

      TEL AVIV, Israel, July 16, 2021 /PRNewswire/ -- Start-Up Nation Central, the independent not-for-profit organization connecting global corporations, investors, and governments to the Israeli tech innovation ecosystem, today announced the appointment of Avi Hasson as its next Chief Executive Officer. Hasson's career spans executive leadership roles in the business, technology, and not-for-profit sectors. He served as Chief Scientist at Israel's Ministry of Economy and Industry, and as Founding Chairman of the Israel Innovation Authority (IIA), the government entity tasked with

      7/16/21 3:00:00 AM ET
      $TSEM
      Semiconductors
      Technology

    $TSEM
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Wedbush initiated coverage on Tower Semi

      Wedbush initiated coverage of Tower Semi with a rating of Outperform

      2/3/25 9:12:23 AM ET
      $TSEM
      Semiconductors
      Technology
    • Tower Semi upgraded by Susquehanna with a new price target

      Susquehanna upgraded Tower Semi from Neutral to Positive and set a new price target of $55.00 from $36.00 previously

      5/10/24 7:56:47 AM ET
      $TSEM
      Semiconductors
      Technology
    • Susquehanna initiated coverage on Tower Semi with a new price target

      Susquehanna initiated coverage of Tower Semi with a rating of Neutral and set a new price target of $36.00

      2/29/24 6:39:37 AM ET
      $TSEM
      Semiconductors
      Technology

    $TSEM
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Tower Semiconductor Ltd.

      SC 13G - TOWER SEMICONDUCTOR LTD (0000928876) (Subject)

      12/9/24 9:15:24 AM ET
      $TSEM
      Semiconductors
      Technology
    • Amendment: SEC Form SC 13G/A filed by Tower Semiconductor Ltd.

      SC 13G/A - TOWER SEMICONDUCTOR LTD (0000928876) (Subject)

      11/14/24 6:15:07 AM ET
      $TSEM
      Semiconductors
      Technology
    • Amendment: SEC Form SC 13G/A filed by Tower Semiconductor Ltd.

      SC 13G/A - TOWER SEMICONDUCTOR LTD (0000928876) (Subject)

      10/15/24 12:47:43 PM ET
      $TSEM
      Semiconductors
      Technology

    $TSEM
    Financials

    Live finance-specific insights

    See more
    • Tower Semiconductor Announces First Quarter 2025 Financial Results and Conference Call

      MIGDAL HAEMEK, Israel – April 23, 2025 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high value analog semiconductor solutions, will issue its first quarter 2025 earnings release on Wednesday, May 14, 2025. The Company will hold a conference call to discuss its first quarter 2025 financial results and second quarter 2025 guidance on Wednesday, May 14, 2025, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time). The call will be webcast and available through the Investor Relations section of Tower Semiconductor's website at https://ir.towersemi.com/, where the pre-registration form required for dial-in partici

      4/23/25 6:00:00 AM ET
      $TSEM
      Semiconductors
      Technology
    • Tower Semiconductor Reports 2024 Fourth Quarter and Full Year Financial Results

      MIGDAL HAEMEK, Israel, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ:TSEM, TASE: TSEM)) reports today its results for the fourth quarter of 2024 and for the year ended December 31, 2024. Fourth Quarter of 2024 Results OverviewRevenues for the fourth quarter of 2024 were $387 million as compared to $371 million for the third quarter of 2024 and $352 million for the fourth quarter of 2023, representing 5% quarter over quarter growth and 10% year over year growth. The Company met its expressed target of sequential quarter over quarter revenue growth within 2024, resulting in 18% growth fourth quarter over first quarter. Gross profit for the fourth quarter of 2024 was $87

      2/10/25 7:00:51 AM ET
      $TSEM
      Semiconductors
      Technology
    • Tower Semiconductor Announces Fourth Quarter and Fiscal Year 2024 Financial Results and Conference Call

      MIGDAL HAEMEK, Israel – January 21, 2025 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high value analog semiconductor solutions, will issue its fourth quarter and fiscal year 2024 earnings release on Monday, February 10, 2025. The Company will hold a conference call to discuss its fourth quarter and fiscal year 2024 financial results and first quarter 2025 guidance on Monday, February 10, 2025, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time). The call will be webcast and available through the Investor Relations section of Tower Semiconductor's website at https://ir.towersemi.com/, where the pre-registr

      1/21/25 6:00:00 AM ET
      $TSEM
      Semiconductors
      Technology

    $TSEM
    SEC Filings

    See more
    • SEC Form 6-K filed by Tower Semiconductor Ltd.

      6-K - TOWER SEMICONDUCTOR LTD (0000928876) (Filer)

      5/8/25 8:30:16 AM ET
      $TSEM
      Semiconductors
      Technology
    • SEC Form 6-K filed by Tower Semiconductor Ltd.

      6-K - TOWER SEMICONDUCTOR LTD (0000928876) (Filer)

      5/7/25 8:17:39 AM ET
      $TSEM
      Semiconductors
      Technology
    • SEC Form 20-F filed by Tower Semiconductor Ltd.

      20-F - TOWER SEMICONDUCTOR LTD (0000928876) (Filer)

      4/30/25 4:00:55 PM ET
      $TSEM
      Semiconductors
      Technology