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With 65% Ownership, Tower Semiconductor Ltd. (NASDAQ:TSEM) Boasts of Strong Institutional Backing

With 65% Ownership, Tower Semiconductor Ltd. (NASDAQ:TSEM) Boasts of Strong Institutional Backing

擁有65%的股份,塔沃半導體有限公司(納斯達克:TSEM)憑藉強大的機構支持而自豪
Simply Wall St ·  12/11 23:59

Key Insights

關鍵洞察

  • Institutions' substantial holdings in Tower Semiconductor implies that they have significant influence over the company's share price
  • The top 16 shareholders own 50% of the company
  • Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock
  • 機構在Tower半導體的重大持股意味着他們對公司股價具有重要影響。
  • 前16大股東持有公司50%的股份。
  • 所有權研究以及分析師預測數據幫助提供對股票機會的良好理解。

If you want to know who really controls Tower Semiconductor Ltd. (NASDAQ:TSEM), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 65% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

如果你想知道誰真正控制着Tower半導體有限公司(納斯達克:TSEM),你就需要查看其股份登記的構成。 持有公司最多股份的群體,大約佔65%,是機構。也就是說,如果股票上漲,該群體將受益最多(或者如果出現下跌則損失最多)。

Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.

因爲機構股東擁有龐大的資源和流動性,他們的投資決策通常會受到重視,尤其是對於個人投資者。因此,投資於公司的大量機構資金通常代表着對其未來的巨大信心。

Let's delve deeper into each type of owner of Tower Semiconductor, beginning with the chart below.

讓我們深入探討Tower半導體的每一種所有者類型,從下面的圖表開始。

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NasdaqGS:TSEM Ownership Breakdown December 11th 2024
納斯達克上市:TSEm所有權分解 2024年12月11日

What Does The Institutional Ownership Tell Us About Tower Semiconductor?

機構所有權告訴我們關於Tower半導體什麼?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

機構通常在向自己的投資者報告時,會與基準進行比較,因此一旦股票被納入主要指數,他們通常對該股票會更加熱情。我們預期大多數公司在登記時都會有一些機構,尤其是當它們正在增長時。

We can see that Tower Semiconductor does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Tower Semiconductor's historic earnings and revenue below, but keep in mind there's always more to the story.

我們可以看到,Tower半導體確實有機構投資者,他們持有公司股票的相當一部分。這表明在專業投資者中有一定的信譽。但我們不能僅僅依賴這一事實,因爲機構有時也會做出錯誤的投資,就像其他人一樣。當多個機構持有同一股票時,總是存在他們處於「擁擠交易」的風險。當這樣的交易出現問題時,多個參與者可能會爭相快速賣出股票。在沒有增長曆史的公司中,這種風險更高。你可以在下面看到Tower半導體的歷史盈利和營業收入,但請記住,事情總會更復雜。

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NasdaqGS:TSEM Earnings and Revenue Growth December 11th 2024
納斯達克GS:TSEm Earnings和收入增長 2024年12月11日

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. It would appear that 7.5% of Tower Semiconductor shares are controlled by hedge funds. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. The company's largest shareholder is Harel Insurance Investments and Finances Services Ltd, Asset Management Arm, with ownership of 7.8%. For context, the second largest shareholder holds about 7.5% of the shares outstanding, followed by an ownership of 5.8% by the third-largest shareholder.

投資者應該注意,機構實際上擁有公司的一半以上,所以他們可以集體行使重要的權力。 看起來7.5%的Tower半導體股份被對沖基金控制。這引起了我的注意,因爲對沖基金有時會試圖影響管理層,或者推動能夠爲股東創造短期價值的變革。 公司的最大股東是Harel保險投資與金融服務有限公司的資產管理部門,擁有7.8%的股份。 爲提供上下文,第二大股東持有約7.5%的流通股,第三大股東則擁有5.8%的股份。

After doing some more digging, we found that the top 16 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

經過進一步的調查,我們發現前16大股東合計擁有公司50%的股份,這表明沒有單一股東對公司擁有顯著的控制權。

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

雖然研究一家公司機構的所有權數據是有意義的,但研究分析師的看法也同樣重要,以了解市場的動態。很多分析師關注這隻股票,因此查看他們的預測也可能是值得的。

Insider Ownership Of Tower Semiconductor

Tower半導體的內部股權

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

不同國家對內幕人的定義可能略有不同,但董事會成員始終算作內幕人。公司的管理層向董事會負責,而董事會應代表股東的利益。值得注意的是,有時高層管理人員也在董事會中。

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

當內幕所有權表明領導者像真正的公司所有者那樣思考時,這是積極的。然而,高內幕所有權也可能賦予公司內部小集團巨大的權力。在某些情況下,這可能是負面的。

Our data cannot confirm that board members are holding shares personally. Not all jurisdictions have the same rules around disclosing insider ownership, and it is possible we have missed something, here. So you can click here learn more about the CEO.

我們的數據無法確認董事會成員是否個人持有股份。並非所有司法管轄區都有相同的內幕持股披露規則,因此我們可能在這裏遺漏了一些信息。所以您可以點擊這裏了解更多關於CEO的信息。

General Public Ownership

公衆持股

The general public, who are usually individual investors, hold a 27% stake in Tower Semiconductor. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

公衆通常是個人投資者,在Tower半導體持有27%的股份。儘管這份持股相當可觀,但如果決策與其他大股東不同,可能不足以改變公司的政策。

Next Steps:

下一步:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Tower Semiconductor is showing 1 warning sign in our investment analysis , you should know about...

我發現查看哪個公司持有者非常有趣。但要真正獲得洞察,我們還需要考慮其他信息。請注意,Tower半導體在我們的投資分析中顯示有1個警告信號,您應該了解...

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

但最終,決定這個業務的所有者表現如何的,是未來而不是過去。因此,我們認爲查看這份免費的報告是明智的,報告顯示分析師是否預測了一個更光明的未來。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注意:本文中的數字是根據過去十二個月的數據計算得出的,指的是截至財務報表日期的月份最後一天的12個月期間。這可能與完整年度的年報數字不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall St的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St在提到的任何股票中均沒有持倉。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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