As Borg Warner (BWA) Share Price Declined, J-P Marvel Investment Advisors Has Boosted by $778,209 Its Position; Northcoast Asset Management Cut Tower Semiconductor LTD (TSEM) Position by $421,940; Stock Price Declined

May 18, 2018 - By Louis Casey

BorgWarner Inc. (NYSE:BWA) Logo

Northcoast Asset Management Llc decreased its stake in Tower Semiconductor Ltd (TSEM) by 18.61% based on its latest 2017Q4 regulatory filing with the SEC. Northcoast Asset Management Llc sold 12,410 shares as the company’s stock declined 20.22% with the market. The institutional investor held 54,292 shares of the semiconductors company at the end of 2017Q4, valued at $1.85 million, down from 66,702 at the end of the previous reported quarter. Northcoast Asset Management Llc who had been investing in Tower Semiconductor Ltd for a number of months, seems to be less bullish one the $2.44 billion market cap company. The stock decreased 0.12% or $0.03 during the last trading session, reaching $24.79. About 228,406 shares traded. Tower Semiconductor Ltd. (NASDAQ:TSEM) has risen 18.08% since May 18, 2017 and is uptrending. It has outperformed by 6.53% the S&P500.




J-P Marvel Investment Advisors Llc increased its stake in Borg Warner Inc (BWA) by 13.29% based on its latest 2017Q4 regulatory filing with the SEC. J-P Marvel Investment Advisors Llc bought 15,259 shares as the company’s stock declined 4.85% with the market. The hedge fund held 130,071 shares of the o.e.m. company at the end of 2017Q4, valued at $6.65M, up from 114,812 at the end of the previous reported quarter. J-P Marvel Investment Advisors Llc who had been investing in Borg Warner Inc for a number of months, seems to be bullish on the $10.94 billion market cap company. The stock decreased 0.92% or $0.48 during the last trading session, reaching $51.91. About 244,931 shares traded. BorgWarner Inc. (NYSE:BWA) has risen 19.42% since May 18, 2017 and is uptrending. It has outperformed by 7.87% the S&P500.

Among 7 analysts covering TowerJazz (NASDAQ:TSEM), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. TowerJazz had 22 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, August 6, the company rating was maintained by Chardan Capital Markets. As per Monday, August 21, the company rating was maintained by Needham. As per Monday, April 2, the company rating was maintained by Drexel Hamilton. The rating was maintained by Craig Hallum with “Buy” on Wednesday, November 8. The stock has “Hold” rating by Wells Fargo on Wednesday, August 2. The firm has “Buy” rating by Drexel Hamilton given on Tuesday, May 8. The rating was maintained by Drexel Hamilton with “Buy” on Monday, August 21. The firm has “Buy” rating given on Thursday, August 3 by Drexel Hamilton. The company was maintained on Tuesday, November 7 by Drexel Hamilton. The stock has “Buy” rating by Drexel Hamilton on Thursday, February 22.

Northcoast Asset Management Llc, which manages about $1.11B US Long portfolio, upped its stake in Intuit Inc (NASDAQ:INTU) by 47,824 shares to 209,926 shares, valued at $33.12M in 2017Q4, according to the filing. It also increased its holding in Pnc Financial Svcs Group (NYSE:PNC) by 8,568 shares in the quarter, for a total of 26,714 shares, and has risen its stake in Chevron Corp New (NYSE:CVX).

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

Analysts await Tower Semiconductor Ltd. (NASDAQ:TSEM) to report earnings on August, 2. They expect $0.44 earnings per share, down 16.98% or $0.09 from last year’s $0.53 per share. TSEM’s profit will be $43.38M for 14.09 P/E if the $0.44 EPS becomes a reality. After $0.31 actual earnings per share reported by Tower Semiconductor Ltd. for the previous quarter, Wall Street now forecasts 41.94% EPS growth.

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.04, from 1.01 in 2017Q3. It fall, as 31 investors sold BWA shares while 189 reduced holdings. 64 funds opened positions while 149 raised stakes. 196.45 million shares or 0.36% more from 195.75 million shares in 2017Q3 were reported. Moreover, Boston Private Wealth Lc has 0.01% invested in BorgWarner Inc. (NYSE:BWA) for 4,370 shares. Franklin Inc holds 1.69M shares or 0.04% of its portfolio. Daiwa Grp Inc reported 0% of its portfolio in BorgWarner Inc. (NYSE:BWA). Origin Asset Mgmt Llp invested 1.16% of its portfolio in BorgWarner Inc. (NYSE:BWA). Laurion Capital Management Ltd Partnership stated it has 0.02% of its portfolio in BorgWarner Inc. (NYSE:BWA). Cibc Asset invested in 18,747 shares or 0.01% of the stock. Gamco Investors Et Al owns 0.24% invested in BorgWarner Inc. (NYSE:BWA) for 753,650 shares. Gsa Cap Ptnrs Llp invested in 33,148 shares or 0.1% of the stock. Homrich And Berg has invested 0.12% in BorgWarner Inc. (NYSE:BWA). Dnb Asset As invested in 0.42% or 688,475 shares. Quantitative Management Lc reported 0.04% stake. Chilton Cap Limited Liability Company reported 123,088 shares stake. Dreman Value Mngmt L L C has 0.02% invested in BorgWarner Inc. (NYSE:BWA) for 654 shares. Assetmark Inc reported 160 shares. Guyasuta Investment Advisors reported 8,000 shares.

Since December 18, 2017, it had 0 insider purchases, and 2 selling transactions for $2.09 million activity. Another trade for 1,400 shares valued at $73,295 was sold by Wiegert Joel.

Another recent and important BorgWarner Inc. (NYSE:BWA) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Hasbro, Realty Income, The Hartford Financial …” on May 11, 2018.

BorgWarner Inc. (NYSE:BWA) Institutional Positions Chart

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