Movement Alert｜Lattice Semiconductor Intraday Rise 5.62% in Regular Trading, earnings optimism and a maintained Buy rating support shares

Market Focus00:59

On October 28, Lattice Semiconductor rose 5.62% in Regular Trading, trading at $103.71 per share, with turnover of $61.194 million.

The move coincided with growing focus on the company’s November 2 quarterly report, where consensus calls for revenue of about $255 million, up 91.81% year over year, and adjusted EPS of $0.55, up 97.65% year over year. That aligns closely with management’s prior revenue outlook of $245 million to $265 million.

Additional support came from updated sell-side commentary: Deutsche Bank adjusted its price target to $125 and maintained a Buy rating. Earlier results also reinforced the setup, as the company’s prior quarter delivered $201.1 million of revenue and adjusted EPS of $0.53, both above analyst expectations.

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