Lattice Semiconductor (LSCC) shares down 29% YTD, facing challenges in Automotive & Industrial markets.

From Nasdaq: 2024-10-16 11:05:00

1. Lattice Semiconductor (LSCC) shares have dropped 29% YTD, lagging behind peers and industry. Earnings beat estimates once, missed once, average negative surprise of 0.56%.

2. LSCC’s weak performance due to Automotive & Industrial market challenges, inventory reductions. Q4 revenues expected at $117-$137 million, down 33.89% YoY. Gross margin to stay at 69%.

3. LSCC’s new product launches to aid stock, expansion into AI applications positive. However, macroeconomic uncertainties and inventory corrections could pose challenges.

4. LSCC trading at a premium valuation, Zacks Rank #3 (Hold). Advice to wait for favorable entry point. Potential for growth with AI, IoT trends on the rise.

5. Zacks names top semiconductor stock, booming market projected to reach $803 billion by 2028. Stock poised for growth amid increasing demand for AI, ML, IoT technologies. Free stock analysis available for LSCC, AMD, FORM, and CRUS.



Read more at Nasdaq: LSCC Plunges 29% Year to Date: How Should You Play the Stock?