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Tower Semiconductor Ltd. (TSEM) is an independent semiconductor foundry.
The firm manufactures analog intensive mixed-signal semiconductor devices in the United States, Asia, and Europe.
The company provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, radio frequency CMOS, CMOS image sensor, integrated power management, and micro-electro-mechanical systems.
The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. It manufactures semiconductors for its customers primarily based on third-party designs. It offers the process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150 millimeter wafers and 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200 millimeter wafers and 65 nanometer and 45 nanometer on 300 millimeter wafers. It also provides design support and complementary technical services.
It also offers transfer optimization and development process services to integrated device manufacturers and fabless companies. The company serves various markets, such as consumer, automotive, medical, industrial, and aerospace and defense.
Shares have formed a bullish "pennant" after it posted strong quarterly results. The company said it had EPS of $0.45, well above the consensus of $0.35. The company posted revenue of $305.00 million in the period, compared to analysts expectations of $300.00 million. The company’s revenue was up 29.5% compared to the same quarter last year. Higher share pirces are expected for this stock.
52-Weeks Trading Range: $10.36 - $16.60
Entry Point: $15.55
Stop Loss: $14.70
Target Price: $17.10
TSEM closed at $15.12
