Tower Semiconductor LTD (TSEM) Shareholder Monarch Partners Asset Management LLC Raised Stake by $3.82 Million as Share Value Declined

May 22, 2018 - By Adrian Erickson

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 $20.86M, 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 $2.50 billion 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 $275.92M and $1.07 billion US Long portfolio, decreased its stake in Big Lots Inc (NYSE:BIG) by 74,530 shares to 70,083 shares, valued at $3.94 million in 2017Q4, according to the filing. It also reduced its holding in H & E Equipment Services Inc (NASDAQ:HEES) by 90,570 shares in the quarter, leaving it with 98,803 shares, and cut its stake in Berkley W R Corp (NYSE:WRB).

More notable recent Tower Semiconductor Ltd. (NASDAQ:TSEM) news were published by: Nasdaq.com which released: “TowerJazz Achieves IATF 16949 Automotive Quality Certification Expanding its High Quality Automotive Manufacturing …” on May 14, 2018, also Nasdaq.com with their article: “Mid-Day Market Update: athenahealth Surges Following $160/Share Cash Offer From Elliott Management; Del Frisco’s …” published on May 07, 2018, Seekingalpha.com published: “Tower Semiconductor’s (TSEM) CEO Russell Ellwanger on Q1 2018 Results – Earnings Call Transcript” on May 07, 2018. More interesting news about Tower Semiconductor Ltd. (NASDAQ:TSEM) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Open Higher; Tyson Foods Earnings Miss Views” 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 firm earned “Buy” rating on Tuesday, May 8 by Needham. The rating was maintained by Drexel Hamilton on Thursday, February 22 with “Buy”. The stock of Tower Semiconductor Ltd. (NASDAQ:TSEM) earned “Buy” rating by Drexel Hamilton on Monday, April 2. The stock has “Buy” rating by Drexel Hamilton on Tuesday, May 8. Drexel Hamilton maintained Tower Semiconductor Ltd. (NASDAQ:TSEM) rating on Wednesday, November 29. Drexel Hamilton has “Buy” rating and $46.0 target.

Tower Semiconductor Ltd. (NASDAQ:TSEM) Ratings Chart

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