Movement Alert｜Lattice Semiconductor Rises 5.05% in Regular Trading, Strategic Partnership with Aspeed Technology and Sector Strength Boost Shares

Market Focus06-02 22:41

On June 2, Lattice Semiconductor rose 5.05% in regular trading, trading at $152.215 USD/share, with trading volume of $66.78 million.

On the news front, the company recently announced a strategic partnership with Aspeed Technology to jointly develop next-generation control solutions for data center management. The first commercialized product from this collaboration, the AST1840 satellite management controller — a new category of server management chip — is expected to launch in Q3. Additionally, Deutsche Bank raised its target price on the stock from $150 to $175, maintaining a buy rating. According to FactSet, the average analyst rating is overweight with an average target price of $146.92.

Within the Semiconductors sector, individual stocks broadly strengthened. Among them, Marvell Technology up 25.33%, Broadcom up 3.95%, NVIDIA up 1.25%, Micron Technology down 0.77%, Intel down 2.08%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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