Lattice jumps as profit forecast tops estimates

By Reuters News

** Shares of chip designer Lattice Semiconductor LSCC.O up 12.6% at $107.5

** Co forecasts Q4 adj EPS of 82 cents-86 cents, above analysts' estimate of 80 cents - data compiled by LSEG

** Reports Q3 adj EPS of 72 cents, beating estimate of 55 cents

** Posts Q3 revenue of $291 mln, ahead of expectations of $255.5 mln

** CEO Ford Tamer says Q3 growth was fueled by accelerating data center AI demand and continued momentum across industrial and embedded applications

** Stifel, Deutsche Bank and Rosenblatt Securities raise their PTs to $175, $150 and $200, respectively

** Brokerage StoneX says strong data center demand, improving visibility across supply and demand, alongside strong bookings and backlog, supports Lattice's growth outlook

** 15 of 17 brokerages rate the stock "buy" or higher, 1 "hold" and 1 "sell"; their median PT is $160

** Including session gains, LSCC is up more than 45% YTD, compared to roughly 49% rise in the Philadelphia Semiconductor Index .SOX

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.