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

NEW YORK, Dec. 21, 2017 WallStEquities.com 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 www.wallstequities.com/registration. 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, WallStEquities.com 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: www.wallstequities.com/registration

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 19^th, 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: www.wallstequities.com/registration/?symbol=ADI

Semtech

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 28^th, 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 19^th, 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: www.wallstequities.com/registration/?symbol=SMTC

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 01^st, 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 04^th, 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 05^th, 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 WallStEquities.com now and sign up for the free research on ESIO at: www.wallstequities.com/registration/?symbol=ESIO

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 30^th, 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: www.wallstequities.com/registration/?symbol=TSEM

Wall St. Equities:

Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

WSE has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY

WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://wallstequities.com/legal-disclaimer/

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]
Phone number: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Wall St. Equities