Pre-Market Technical Scan on Semiconductor Equities — Analog Devices, Semtech, Electro Scientific Industries, and Tower Semiconductor

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NEW YORK, Dec. 21, 2017 strives to bring the best free research to the investment community.  Today we are offering reports on ADI, SMTC, ESIO, and TSEM which can be accessed for free by signing up to Seeking Alpha reported that this year has been a monumental one for the Semiconductor industry. Revenue growth is expected to be 20.6% in 2017, up from 1.1% in 2016 and -0.2% in 2015, according to the World Semiconductor Trade Statistics. For 2018, the organization is forecasting growth of 7.7%, the report further noted. This morning, concentrates on four players in the Semiconductor Integrated Circuits space, and they are: Analog Devices Inc. (NASDAQ: ADI), Semtech Corp. (NASDAQ: SMTC), Electro Scientific Industries Inc. (NASDAQ: ESIO), and Tower Semiconductor Ltd (NASDAQ: TSEM). All you have to do is sign up today for this free limited time offer, click the link below:

Analog Devices

On Wednesday, shares in Norwood, Massachusetts headquartered Analog Devices Inc. recorded a trading volume of 2.09 million shares. The stock ended the session 0.80% higher at $88.65. The Company's shares have gained 5.24% over the previous three months and 22.07% on an YTD basis. The stock is trading 7.26% above its 200-day moving average. Moreover, shares of Analog Devices, which designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits, algorithms, software, and subsystems, have a Relative Strength Index (RSI) of 57.72.

On December 19th, 2017, research firm Piper Jaffray initiated a 'Neutral' rating on the Company's stock, with a target price of $92 per share. Get the full research report on ADI for free by clicking below at:


Camarillo, California headquartered Semtech Corp.'s stock closed the day 1.33% higher at $34.20 with a total trading volume of 409,556 shares. The Company's shares have advanced 8.40% since the start of this year. The stock is trading 6.17% below its 200-day moving average. Additionally, shares of Semtech, which designs, develops, manufactures, and markets analog and mixed-signal semiconductor products, have an RSI of 42.80.  

On November 28th, 2017, Semtech announced its new, nano-tag reference design – a disposable, ultrathin, and low-cost tag that can be integrated into disposable systems or attached to assets to communicate a specific trigger of an event. The LoRa®-based nano-tag can be deployed across numerous Internet of Things verticals that utilize the event data to enable smarter decision-making.

On December 19th, 2017, research firm Piper Jaffray initiated a 'Neutral' rating on the Company's stock, with a target price of $35 per share. Free research on SMTC can be accessed at:

Electro Scientific Industries

Shares in Portland, Oregon headquartered Electro Scientific Industries Inc. recorded a trading volume of 731,516 shares. The stock ended yesterday's trading session 0.94% lower at $22.16. The Company's shares have surged 65.87% in the previous three months and 274.32% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.03% and 84.69%, respectively. Furthermore, shares of the Company, which together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide, have an RSI of 54.31.  

On December 01st, 2017, research firm Lake Street reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $22 a share to $27 a share.

On December 04th, 2017, Electro Scientific Industries announced that Allen Muhich, former COO and CFO of ID Experts, joins the Company as CFO and Corporate Secretary, effective December 05th, 2017. He succeeds Paul Oldham. Prior to his role at ID Experts, Mr. Muhich served as CFO of both Smarsh, Inc. and of Radisys Corporation. Visit now and sign up for the free research on ESIO at:

Tower Semiconductor

Migdal Haemek, Israel headquartered Tower Semiconductor Ltd's stock finished Wednesday's session 1.36% higher at $34.27 with a total trading volume of 304,790 shares. The Company's shares have advanced 15.54% over the previous three months and 80.08% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.06% and 25.32%, respectively. Additionally, shares of Tower Semiconductor, which manufactures and markets analog intensive mixed-signal semiconductor devices in the US, Asia, and Europe, have an RSI of 55.84.

On November 30th, 2017, research firm Needham reiterated its 'Strong Buy' rating on the Company's stock with an increase of the target price from $45 a share to $50 a share. The free technical report on TSEM is available at:

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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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