5 Best Stocks to Buy According to Richard Mashaal’s Senvest Management

2. Tower Semiconductor Ltd. (NASDAQ: TSEM)

Mashaal’s Stake Value: $213,243,000
Percentage of Richard Mashaal’s 13F Portfolio: 6.71%
Number of Hedge Fund Holders: 19

Tower Semiconductor Ltd. (NASDAQ: TSEM) is an Israeli company that manufactures integrated circuits. The company was incorporated in 1993 and stands second on the list of 10 best stocks to buy according to Richard Mashaal’s Senvest Management. Tower shares have gained 28.44% over the last 12 months. 

On August 2, Tower Semiconductor Ltd. (NASDAQ: TSEM) posted earnings for the second quarter of 2021. It reported earnings per share of $0.34, in line with the previous. The revenue for the quarter was $362 million, up 16.8% YoY, beating the estimates by $2.26 million. For the third quarter the company expects the revenue to be $385 million, which is above the consensus estimate of $364.8 million. 

In the first quarter of 2021, Senvest Management decreased its stake in Tower Semiconductor Ltd. (NASDAQ: TSEM) by 4% to 7.60 million shares. The company is also getting the attention of the smart money, as 19 hedge funds tracked by Insider Monkey reported owning stakes in the company in the first quarter of 2021, up from 17 funds a quarter earlier.