G2 Investment Partners sold 215,929 shares of Tower Semiconductor (TSEM) valued at an estimated $20.80 million, reducing their stake to 2.07% of their assets under management. While the sale was made as the stock price rose, the article suggests it was premature, given TSEM’s subsequent partnership with Nvidia and strong Q4 revenue driven by AI. However, due to its high valuation with a P/E ratio of 64, the article advises investors to sell existing shares and wait for a price drop before buying.
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G2 Investment Partners Dumped Tower Semiconductor Shares Worth Over $20 Million. Is the Stock a Buy or Sell?
G2 Investment Partners sold 215,929 shares of Tower Semiconductor (TSEM) valued at an estimated $20.80 million, reducing their stake to 2.07% of their assets under management. While the sale was made as the stock price rose, the article suggests it was premature, given TSEM’s subsequent partnership with Nvidia and strong Q4 revenue driven by AI. However, due to its high valuation with a P/E ratio of 64, the article advises investors to sell existing shares and wait for a price drop before buying.