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Tower Semiconductor Ltd. (TSEM) semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. 
It provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS.
The company also offers wafer fabrication services and design enablement platform for design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies.
It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, and medical device products. Tower Semiconductor Ltd. has a strategic partnership with Anello Photonics Inc. for a new silicon optical waveguide process technology.
Shares have formed a bullish "cup and handle" and are about t move higher from this formation.
On November 8th, Tower Semiconductor (TSEM) reported 3rd Quarter September 2021 earnings of $0.36 per share on revenue of $386.7 million. The consensus earnings estimate was $0.32 per share on revenue of $385.0 million. Revenue grew 24.7% on a year-over-year basis. The company said it expects fourth quarter revenue of $389.5 million to $430.5 million.
Entry Point: $36.50
Stop Loss: $33.50
Trading Range: $24.25 - $38.42
Target Price: $40.20
TSEM closed at $39.60
