Third Avenue Management Has Cut Visteon Corp. (VC) Position; Robertson Opportunity Capital Has Cut Its Tower Semiconductor LTD (TSEM) Position

February 15, 2018 - By Louis Casey

Third Avenue Management Llc decreased Visteon Corp. (VC) stake by 21.22% reported in 2017Q3 SEC filing. Third Avenue Management Llc sold 13,135 shares as Visteon Corp. (VC)’s stock rose 9.26%. The Third Avenue Management Llc holds 48,753 shares with $6.04 million value, down from 61,888 last quarter. Visteon Corp. now has $3.84B valuation. The stock increased 2.66% or $3.2 during the last trading session, reaching $123.38. About 312,353 shares traded or 17.32% up from the average. Visteon Corporation (NYSE:VC) has risen 41.15% since February 15, 2017 and is uptrending. It has outperformed by 24.45% the S&P500.

Robertson Opportunity Capital Llc decreased Tower Semiconductor Ltd (TSEM) stake by 16.47% reported in 2017Q3 SEC filing. Robertson Opportunity Capital Llc sold 28,000 shares as Tower Semiconductor Ltd (TSEM)’s stock rose 11.63%. The Robertson Opportunity Capital Llc holds 142,000 shares with $4.37 million value, down from 170,000 last quarter. Tower Semiconductor Ltd now has $3.19 billion valuation. The stock increased 0.06% or $0.02 during the last trading session, reaching $32.4. About 401,845 shares traded. Tower Semiconductor Ltd. (NASDAQ:TSEM) has risen 122.17% since February 15, 2017 and is uptrending. It has outperformed by 105.47% 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 18 analyst reports since August 6, 2015 according to SRatingsIntel. Oppenheimer initiated Tower Semiconductor Ltd. (NASDAQ:TSEM) rating on Tuesday, December 15. Oppenheimer has “Outperform” rating and $20.0 target. The firm earned “Buy” rating on Wednesday, November 8 by Craig Hallum. Needham maintained it with “Buy” rating and $35.0 target in Thursday, September 7 report. The stock has “Hold” rating by Wells Fargo on Wednesday, August 2. Credit Suisse maintained the shares of TSEM in report on Wednesday, November 15 with “Outperform” rating. Drexel Hamilton maintained the shares of TSEM in report on Tuesday, November 7 with “Buy” rating. Needham maintained Tower Semiconductor Ltd. (NASDAQ:TSEM) on Thursday, August 3 with “Buy” rating. The firm has “Buy” rating given on Tuesday, October 20 by Drexel Hamilton. The firm has “Buy” rating by Needham given on Friday, June 9. Drexel Hamilton maintained it with “Buy” rating and $3100 target in Thursday, August 3 report.

Among 18 analysts covering Visteon (NYSE:VC), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Visteon had 53 analyst reports since August 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, October 16 by RBC Capital Markets. The rating was maintained by Guggenheim with “Buy” on Monday, January 8. Morgan Stanley maintained it with “Overweight” rating and $123 target in Thursday, January 25 report. As per Monday, October 16, the company rating was maintained by Robert W. Baird. The rating was maintained by FBR Capital with “Buy” on Wednesday, January 10. The firm has “Hold” rating given on Friday, January 19 by RBC Capital Markets. Raymond James upgraded the stock to “Outperform” rating in Wednesday, January 11 report. The stock of Visteon Corporation (NASDAQ:VC) has “Equal-Weight” rating given on Monday, April 24 by Morgan Stanley. The rating was downgraded by Gabelli to “Hold” on Friday, July 28. The rating was downgraded by J.P. Morgan to “Hold” on Monday, January 22.

Since August 22, 2017, it had 0 insider buys, and 7 sales for $1.88 million activity. The insider Lawande Sachin sold 5,000 shares worth $646,275. Another trade for 512 shares valued at $61,307 was made by Marianos Stephanie S on Friday, September 15. Vallance Robert R sold $133,959 worth of Visteon Corporation (NASDAQ:VC) on Tuesday, September 19. The insider Cole Matthew M sold $155,188.

Third Avenue Management Llc increased Reliance Steel & Aluminum Co. (NYSE:RS) stake by 45,252 shares to 359,950 valued at $27.42 million in 2017Q3. It also upped Patterson Companies Inc (NASDAQ:PDCO) stake by 49,600 shares and now owns 131,100 shares. Finisar Corp. (NASDAQ:FNSR) was raised too.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.14, from 0.97 in 2017Q2. It increased, as 22 investors sold VC shares while 83 reduced holdings. 40 funds opened positions while 77 raised stakes. 28.74 million shares or 6.57% less from 30.76 million shares in 2017Q2 were reported. Origin Asset Management Llp invested in 3,521 shares or 0.03% of the stock. The Massachusetts-based Wellington Management Gp Llp has invested 0.01% in Visteon Corporation (NASDAQ:VC). Credit Suisse Ag has 35,162 shares. Macquarie Group Inc Ltd reported 0% of its portfolio in Visteon Corporation (NASDAQ:VC). Daiwa Secs Group Inc has invested 0% in Visteon Corporation (NASDAQ:VC). Tiaa Cref Inv Mngmt Ltd Limited Liability Company accumulated 0.05% or 544,295 shares. Great West Life Assurance Can accumulated 3,506 shares. State Of Tennessee Treasury Department reported 43,294 shares or 0.03% of all its holdings. Hsbc Public Ltd Liability Corporation reported 0% stake. Asset Mgmt has 0.01% invested in Visteon Corporation (NASDAQ:VC). Baystate Wealth Management Lc invested in 0% or 10 shares. Old Mutual Global Invsts (Uk) Ltd holds 171,611 shares or 0.22% of its portfolio. Advsr Asset Management Inc invested 0% in Visteon Corporation (NASDAQ:VC). Sg Americas Secs Ltd Liability Co stated it has 5,491 shares. Paradigm Management holds 9,500 shares or 0.1% of its portfolio.

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