Tower Semiconductor LTD (TSEM) Valuation Rose While Lyon Street Capital Boosted Its Holding; As Accenture LTD (ACN) Market Valuation Declined, Holder Suncoast Equity Management Has Cut Position

February 19, 2018 - By Kurt Siggers

Brian C. Freckmann increased its stake in Tower Semiconductor Ltd (TSEM) by 29.07% based on its latest 2017Q3 regulatory filing with the SEC. Lyon Street Capital Llc bought 30,337 shares as the company’s stock rose 11.63% with the market. The hedge fund run by Brian C. Freckmann held 134,682 shares of the semiconductors company at the end of 2017Q3, valued at $4.14 million, up from 104,345 at the end of the previous reported quarter. Lyon Street Capital Llc who had been investing in Tower Semiconductor Ltd for a number of months, seems to be bullish on the $3.27B market cap company. The stock decreased 0.27% or $0.09 during the last trading session, reaching $33.27. About 451,622 shares traded. Tower Semiconductor Ltd. (NASDAQ:TSEM) has risen 122.17% since February 19, 2017 and is uptrending. It has outperformed by 105.47% the S&P500.

Suncoast Equity Management decreased its stake in Accenture Ltd (ACN) by 1.25% based on its latest 2017Q3 regulatory filing with the SEC. Suncoast Equity Management sold 2,525 shares as the company’s stock declined 0.21% while stock markets rallied. The institutional investor held 198,828 shares of the business services company at the end of 2017Q3, valued at $26.86M, down from 201,353 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Accenture Ltd for a number of months, seems to be less bullish one the $100.31B market cap company. The stock increased 0.99% or $1.6 during the last trading session, reaching $162.66. About 2.00 million shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since February 19, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.




Lyon Street Capital Llc, which manages about $432.26M and $259.37M US Long portfolio, decreased its stake in Axogen Inc (NASDAQ:AXGN) by 87,335 shares to 213,749 shares, valued at $4.14 million in 2017Q3, according to the filing. It also reduced its holding in Green Dot Corp (NYSE:GDOT) by 244,079 shares in the quarter, leaving it with 118,711 shares, and cut its stake in Grand Canyon Ed Inc (NASDAQ:LOPE).

Among 7 analysts covering TowerJazz (NASDAQ:TSEM), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. TowerJazz had 18 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Tower Semiconductor Ltd. (NASDAQ:TSEM) earned “Buy” rating by Drexel Hamilton on Tuesday, November 7. The stock of Tower Semiconductor Ltd. (NASDAQ:TSEM) earned “Outperform” rating by Oppenheimer on Tuesday, December 15. Needham maintained the stock with “Buy” rating in Thursday, August 3 report. The rating was maintained by Craig Hallum with “Buy” on Wednesday, November 8. Needham maintained Tower Semiconductor Ltd. (NASDAQ:TSEM) rating on Thursday, September 7. Needham has “Buy” rating and $35.0 target. Drexel Hamilton maintained the stock with “Buy” rating in Monday, August 21 report. As per Wednesday, November 29, the company rating was maintained by Drexel Hamilton. The company was initiated on Tuesday, October 20 by Drexel Hamilton. The rating was maintained by Credit Suisse on Wednesday, November 15 with “Outperform”. The stock of Tower Semiconductor Ltd. (NASDAQ:TSEM) earned “Strong Buy” rating by Needham on Friday, January 22.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 89 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Pivotal Research on Friday, December 22 with “Buy”. The stock of Accenture plc (NYSE:ACN) earned “Outperform” rating by Wedbush on Thursday, March 30. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Stifel Nicolaus on Thursday, September 28. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, November 2 report. Credit Suisse maintained Accenture plc (NYSE:ACN) rating on Monday, March 27. Credit Suisse has “Hold” rating and $124 target. The stock has “Buy” rating by Cantor Fitzgerald on Thursday, June 15. The firm has “Hold” rating by BMO Capital Markets given on Thursday, June 22. Barclays Capital maintained Accenture plc (NYSE:ACN) on Wednesday, September 27 with “Equal-Weight” rating. The company was maintained on Friday, June 16 by Morgan Stanley. The company was maintained on Monday, October 3 by Cantor Fitzgerald.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.05, from 1.05 in 2017Q2. It worsened, as 40 investors sold ACN shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported. Legacy Private Tru Co reported 32,656 shares or 0.54% of all its holdings. Klingenstein Fields & Com Limited Liability invested in 3,539 shares or 0.02% of the stock. Moreover, Lazard Asset Lc has 1.14% invested in Accenture plc (NYSE:ACN) for 4.23 million shares. Hills Commercial Bank And Tru Communication invested 0.08% of its portfolio in Accenture plc (NYSE:ACN). Hightower Advisors Ltd Limited Liability Company reported 0.11% stake. Foster & Motley reported 39,586 shares. Birch Hill Inv Advsr Limited Liability Corporation holds 0.34% of its portfolio in Accenture plc (NYSE:ACN) for 29,098 shares. Sumitomo Life Insur holds 0.51% in Accenture plc (NYSE:ACN) or 29,930 shares. Deutsche Commercial Bank Ag reported 1.08M shares. Bridges holds 0.3% or 17,416 shares in its portfolio. Murphy Pohlad Asset Management Lc reported 1,545 shares or 0.14% of all its holdings. Spears Abacus Advsrs stated it has 3,215 shares or 0.05% of all its holdings. Argi Investment Service Ltd Liability Com has 2,219 shares. Cantab Capital Ptnrs Limited Liability Partnership stated it has 0.7% in Accenture plc (NYSE:ACN). Connors Investor Ser reported 30,000 shares or 0.61% of all its holdings.

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