On August 17, Lattice Semiconductor rose 5.01% in regular trading, trading at $136.815/share, with turnover of $48.296 million.

On the news front, the semiconductor sector rallied broadly, with peer Micron Technology gaining 6.36% and Intel rising 2.9%, providing sector-wide tailwinds. Additionally, lingering momentum from the company's strong Q2 earnings report continued to support the stock. Lattice posted adjusted EPS of $0.53, beating the consensus estimate of $0.44 by over 20%, while revenue of $201.1 million exceeded expectations of $185.6 million by approximately 8.4%. The company also issued Q3 guidance of $0.54-$0.58 in adjusted EPS on revenue of $245-$265 million, significantly above analyst expectations of $0.47 EPS on $201.6 million revenue.

Furthermore, Bank of America recently raised its price target on the stock from $105 to $125. The completion of the $1.65 billion AMI acquisition in late July, funded through a mix of cash and equity, is expected to provide additional mid-to-long-term growth catalysts.

(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.)