Core Insights - Paloma Partners Management has completely exited its position in Lattice Semiconductor, selling 200,000 shares valued at $9.8 million as of November 14 [1][2]. Company Overview - Lattice Semiconductor specializes in developing and selling programmable logic devices, particularly focusing on FPGAs and related solutions for various end markets [4][8]. - The company serves original equipment manufacturers (OEMs) across communications, computing, consumer, industrial, and automotive sectors globally [4][8]. Financial Performance - As of November 14, Lattice Semiconductor's stock price was $64.18, reflecting a 26.8% increase over the past year, outperforming the S&P 500 by 12.1 percentage points [7]. - The company's market capitalization stands at $8.8 billion, with a trailing twelve months (TTM) revenue of $494.9 million and a net income of $27.2 million [3]. Investment Performance - Lattice Semiconductor's stock has returned 39.2% year-to-date through December 5, surpassing the S&P 500's return of 18.2% and the Nasdaq Composite's return of 22.8% [5]. - The exit from Lattice Semiconductor by Paloma Partners suggests a potential missed opportunity, as the stock has continued to trade at higher levels post-September 30 [5].

Core Points - Lattice Semiconductor has been recognized as the 'Most Respected Public Semiconductor Company' at the 2025 Global Semiconductor Alliance (GSA) Awards, highlighting its excellence in the industry [1][2] - The GSA Awards celebrate the achievements of the semiconductor industry, with members representing 80% of the over $620 billion semiconductor market [3] Company Overview - Lattice Semiconductor is a leader in low power programmable solutions, addressing customer needs across various sectors including Communications, Computing, Industrial, Automotive, and Consumer markets [4] - The company emphasizes its commitment to innovation and customer support, aiming to create a smart, secure, and connected world [4]

Core Viewpoint - Lattice Semiconductor Corporation has authorized a stock repurchase program of up to $250 million, reflecting its strong financial position and commitment to returning capital to shareholders while investing in market leadership [1] Financial Position - The company is in a strong financial position, which enables it to return capital to shareholders [1] Investment Strategy - Lattice Semiconductor plans to continue making investments to strengthen its market leadership in Small and Mid-Range FPGAs [1]

Core Insights - Lattice Semiconductor's Q3 results met Wall Street expectations for revenue and non-GAAP profit, but the market reacted negatively due to concerns over inventory normalization in industrial and automotive markets [1][5] - The company experienced accelerating demand in communications and computing, particularly from data center and AI infrastructure customers, which CEO Ford Tamer highlighted as a foundation for rapid growth [1][5] Financial Performance - Revenue for Q3 was $133.3 million, slightly above analyst estimates of $133 million, reflecting a 4.9% year-on-year growth [5] - Adjusted EPS was $0.28, matching analyst expectations, while adjusted EBITDA was $47.45 million, exceeding estimates with a 35.6% margin [5] - Q4 revenue guidance is set at $143 million at the midpoint, aligning with analyst expectations, and adjusted EPS guidance is $0.32 [5] Market Dynamics - The company’s market capitalization stands at $8.68 billion, indicating a solid valuation despite the recent market reaction [5] - Management noted that confidence in the 2026 outlook is bolstered by stronger bookings and increased AI capital expenditures from hyperscalers [5][4] Analyst Insights - Analysts raised questions regarding the impact of inventory normalization on future growth, with management indicating that accelerating growth in communications and compute would drive results [5][4] - Concerns about undershipment in industrial and automotive sectors were addressed, with management stating that these issues would be resolved by year-end [5][4] - The company emphasized its stable pricing strategy in the post-quantum cryptography market, despite supplier pressures [5][4]

Core Insights - The article emphasizes the importance of a comprehensive investment ecosystem approach rather than evaluating companies in isolation [1]. Group 1: Analyst Background - Michael Del Monte is a buy-side equity analyst with over 5 years of experience in the investment management industry [1]. - Prior to his current role, he spent over a decade in professional services across various industries including Oil & Gas, Oilfield Services, Midstream, Industrials, Information Technology, EPC Services, and Consumer Discretionary [1]. Group 2: Investment Philosophy - Investment recommendations are based on the entirety of the investment ecosystem, highlighting the interconnectedness of various sectors and companies [1].

Core Insights - Lattice Semiconductor Corporation specializes in low-power, field-programmable gate arrays (FPGAs) and competes with major players like Xilinx and Altera [1] Financial Performance - In Q3, Lattice reported earnings of 28 cents per share, meeting analyst expectations, with quarterly sales of $133.349 million, slightly above the anticipated $133.028 million [2][6] - The company forecasts Q4 adjusted EPS between 30 cents and 34 cents, compared to market estimates of 32 cents, with sales projections ranging from $138 million to $148 million, exceeding the expected $141.918 million [3][6] Market Outlook - Robert W. Baird set a price target of $75 for LSCC, indicating a potential upside of 12.26% from its trading price of $66.81 [2] - CEO Ford Tamer emphasized broad-based growth across various markets and expressed optimism for continued growth into Q4 and beyond, highlighting a 13% growth in revenue and non-GAAP EPS [4] Stock Performance - LSCC's current stock price is $66.84, reflecting a decrease of 8.21% or $5.98, with a market capitalization of approximately $9.15 billion [5]

Core Insights - Lattice Semiconductor (LSCC) reported third-quarter 2025 results that met Zacks Consensus Estimates for both revenue and net income, driven by growth in the AI server market and a focus on expanding its FPGA portfolio through innovation [1][8]. Financial Performance - The company reported a GAAP net income of $2.79 million or 2 cents per share, down from $7.19 million or 5 cents per share in the same quarter last year, primarily due to higher operating expenses [2]. - Non-GAAP net income for the quarter was $38.15 million or 28 cents per share, an increase from $32.54 million or 24 cents per share year-over-year, matching the Zacks Consensus Estimate [2]. Revenue Breakdown - Net sales increased to $133.34 million from $127.09 million in the prior-year quarter, supported by strong growth in the Communications & Computing segment, aligning with the consensus estimate of $133 million [3][8]. - Communications and Computing revenues rose to $74 million from $61 million, attributed to normalized inventory and robust demand in the AI server market [4]. - Revenues from the Industrial and Automotive segment decreased to $50.3 million from $54.2 million, impacted by higher channel inventory levels, while Consumer revenues fell to $9 million from $11.9 million [4]. Geographic Revenue Distribution - In Q3 2025, 65% of the company's revenue was generated from Asia, 19% from the Americas, and 16% from Europe and Africa [5]. Operational Metrics - Adjusted EBITDA increased to $47.4 million from $42.5 million year-over-year, while GAAP operating expenses rose to $92.1 million from $80.2 million [5]. Cash Flow and Outlook - For the first nine months of 2025, Lattice generated $117.5 million in cash from operating activities, up from $95.4 million in the prior-year period. As of September 27, 2025, the company had $117.9 million in cash and cash equivalents [6]. - The company anticipates Q4 2025 revenues in the range of $138-$148 million, with a non-GAAP gross margin expected between 68.5%-70.5% and non-GAAP net income projected at 30-34 cents per share [6][8].

Financial Performance - Lattice Semiconductor Corporation reported quarterly earnings of 28 cents per share, meeting analyst consensus estimates [1] - The company achieved quarterly sales of $133.349 million, surpassing the analyst consensus estimate of $133.028 million [1] Future Projections - For the fourth quarter, Lattice Semiconductor expects adjusted EPS to be between 30 cents and 34 cents, compared to market estimates of 32 cents [2] - The company projects sales in the range of $138.000 million to $148.000 million, against expectations of $141.918 million [2] Analyst Ratings and Price Targets - Benchmark analyst David Williams maintained a Buy rating on Lattice Semiconductor and raised the price target from $75 to $82 [6] - Stifel analyst Ruben Roy also maintained a Buy rating, increasing the price target from $60 to $80 [6] - Rosenblatt analyst Kevin Cassidy kept a Buy rating and boosted the price target from $72 to $80 [6]

Core Insights - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] Group 1 - The article suggests that users may face blocks if they have ad-blockers enabled [1]

Core Insights - Lattice Semiconductor Corporation reported record revenue in the Communications and Computing segment for Q3 2025, with total revenue of $133.3 million, reflecting a 7.6% increase quarter-over-quarter and a 4.9% increase year-over-year [2][3][4] - The company anticipates a revenue growth of 22% year-over-year for Q4 2025, with expected revenue between $138 million and $148 million [12][4] - Non-GAAP net income for Q3 2025 was $38.2 million, translating to $0.28 per diluted share, marking a 17.1% increase from the previous quarter [3][4][5] Financial Performance - Q3 2025 GAAP gross margin was 67.9%, while non-GAAP gross margin was 69.5% [3][5] - Total operating expenses for Q3 2025 were $92.1 million, up 15% from Q2 2025 [5][4] - Adjusted EBITDA for Q3 2025 was $47.4 million, representing a 35.6% adjusted EBITDA margin [3][4] Business Outlook - The company expects total operating expenses for Q4 2025 to be between $54.5 million and $56.5 million on a non-GAAP basis [12][4] - The anticipated non-GAAP gross margin for Q4 2025 is projected to be 69.5% plus or minus 1% [12][4] - The expected non-GAAP income tax rate for Q4 2025 is between 3% and 5% [12][4] Recent Developments - Lattice launched the industry's first PQC-Ready FPGA, the MachXO5-NX TDQ family, enhancing security and reliability for various applications [6] - The company repurchased common stock valued at $85 million in the first nine months of 2025 [6] - Lattice was recognized as a 2025 Top Workplace in Oregon and Southwest Washington, highlighting its commitment to employee appreciation and wellbeing [6]