Tower Semiconductor LTD (TSEM) Market Value Declined While Monarch Partners Asset Management LLC Upped Its Holding

May 22, 2018 - By Adrian Mccoy

Monarch Partners Asset Management Llc increased its stake in Tower Semiconductor Ltd (TSEM) by 22.49% based on its latest 2017Q4 regulatory filing with the SEC. Monarch Partners Asset Management Llc bought 112,365 shares as the company’s stock declined 20.22% with the market. The institutional investor held 611,935 shares of the semiconductors company at the end of 2017Q4, valued at $20.86 million, up from 499,570 at the end of the previous reported quarter. Monarch Partners Asset Management Llc who had been investing in Tower Semiconductor Ltd for a number of months, seems to be bullish on the $2.50B market cap company. The stock increased 1.77% or $0.44 during the last trading session, reaching $25.32. About 154,449 shares traded. Tower Semiconductor Ltd. (NASDAQ:TSEM) has risen 18.08% since May 22, 2017 and is uptrending. It has outperformed by 6.53% the S&P500.

Monarch Partners Asset Management Llc, which manages about $275.92 million and $1.07 billion US Long portfolio, decreased its stake in Mgic Invt Corp Wis (NYSE:MTG) by 1.03 million shares to 598,335 shares, valued at $8.44M in 2017Q4, according to the filing. It also reduced its holding in Modine Mfg Co (NYSE:MOD) by 173,420 shares in the quarter, leaving it with 16,200 shares, and cut its stake in Gtt Communications Inc (NYSE:GTT).

More notable recent Tower Semiconductor Ltd. (NASDAQ:TSEM) news were published by: Nasdaq.com which released: “Mid-Morning Market Update: Markets Open Higher; Tyson Foods Earnings Miss Views” on May 07, 2018, also Globes.Co.Il with their article: “Tue: NICE continues to climb as TASE gains” published on May 15, 2018, Nasdaq.com published: “TowerJazz Achieves IATF 16949 Automotive Quality Certification Expanding its High Quality Automotive Manufacturing …” on May 14, 2018. More interesting news about Tower Semiconductor Ltd. (NASDAQ:TSEM) were released by: Nasdaq.com and their article: “Mid-Day Market Update: athenahealth Surges Following $160/Share Cash Offer From Elliott Management; Del Frisco’s …” published on May 07, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Afternoon Market Update: Crude Oil Up Over 1%; Tower Semiconductor Shares Plunge” with publication date: May 07, 2018.

Tower Semiconductor Ltd. (NASDAQ:TSEM) Ratings Coverage

Among 2 analysts covering Tower Semiconductor (NASDAQ:TSEM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tower Semiconductor had 5 analyst reports since November 29, 2017 according to SRatingsIntel. The stock of Tower Semiconductor Ltd. (NASDAQ:TSEM) earned “Buy” rating by Drexel Hamilton on Tuesday, May 8. The firm has “Buy” rating given on Monday, April 2 by Drexel Hamilton. The stock has “Buy” rating by Needham on Tuesday, May 8. Drexel Hamilton maintained Tower Semiconductor Ltd. (NASDAQ:TSEM) on Thursday, February 22 with “Buy” rating. The stock has “Buy” rating by Drexel Hamilton on Wednesday, November 29.

Tower Semiconductor Ltd. (NASDAQ:TSEM) Ratings Chart

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