From StockStory:

Lattice Semiconductor (NASDAQ: LSCC) shares dropped 5.5% following underwhelming earnings reports and weak business projections from Intel and KLA Corporation. The weaker quarterly guidance resulted from certain headwinds and uncertainties. However, both companies expect the situation to improve in the first half of the year.

The stock market shows Lattice Semiconductor’s share price is volatile, though today’s movement may not fundamentally change the market’s view of the business. The recent market downturn reflects increased uncertainty in 2024, signaling potential caution as stocks may be overbought.

Lattice Semiconductor has declined 7.7% so far this year and is trading 35.1% below its 52-week high. If you want to be informed on your watchlisted stocks’ movements, be sure to sign up for timely explanations straight to your inbox.



Read more: Why Lattice Semiconductor (LSCC) Shares Are Sliding Today