Lattice jumps as profit forecast tops estimates
** 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