Lattice Semiconductor (LSCC) Stock

Artisan Partners, an investment management firm, published its investor letter for the Artisan Small Cap Fund for the third quarter of 2024. You can download the letter here. During this quarter, small cap stocks performed well, especially in July when the Russell 2000 Index had a return of 10.2%.

HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #AI--Today, at the Lattice Developers Conference 2024, Lattice Semiconductor (NASDAQ: LSCC) showcased its leadership in FPGA innovation from edge to cloud by introducing new hardware and software solutions. The Lattice Nexus™ 2, a next-generation small FPGA platform, along with the Lattice Certus™-N2 general-purpose FPGAs, provide enhanced connectivity, improved power and performance, and top-notch security. Lattice also revealed additional announcements.

Lattice Semiconductor's earnings for Q3'24 matched expectations, with revenue of $127.1 million and earnings per share of $0.24. The company anticipates flat growth as it moves into eFY25, but new CEO Ford Tamer is targeting a long-term revenue increase of 15-20% by focusing on small-to-mid-range FPGAs and cutting costs, including reducing the workforce by 14%. Although there was a 34% drop in revenue for Q3'24, Lattice is optimistic about a gradual recovery and expects 4% growth along with strong free cash flow in eFY25, thanks to cost management and better inventory practices.

Lattice Semiconductor (LSCC) saw its stock prices drop in early trading on Tuesday after the company reported lower-than-expected profits and announced plans to reduce its workforce to save money.

Before the session began, the shares had increased by 19% in the last three months, but they were still down 25% compared to the beginning of the year.

Lattice Semiconductor (LSCC) reported quarterly earnings of $0.24 per share, matching the Zacks Consensus Estimate. This is a decrease from earnings of $0.53 per share from the same period last year.

HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #Dell--Lattice Semiconductor (NASDAQ: LSCC), a leader in low power programmable technology, has revealed the complete schedule and speakers for the Lattice Developers Conference, taking place on December 10-11, 2024. This hybrid event will include keynote speeches from notable companies like Dell, Microsoft, SICK, and Teledyne FLIR, along with engaging breakout sessions featuring Lattice and other industry specialists, as well as a strong display of FPGA-based technology demonstrations. Ecosystem partners will also participate in the event.

Lattice Semiconductor has recently improved its product offerings, making the stock appealing even though valuations are high and customers have a lot of inventory.

HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #FPGA--Lattice Semiconductor (NASDAQ: LSCC), a leader in low power programmable technology, has announced that its Chief Financial Officer (CFO), Sherri Luther, has resigned immediately to take on a new opportunity. In her place, Tonya Stevens, the Corporate Vice President and Corporate Controller, has been named interim CFO to ensure a smooth transition while the Board looks for a new CFO. Stevens brings over 30 years of experience in corporate finance to the role.