Lattice Semiconductor's stock soared 5.19% during intraday trading on Friday, driven by the company's robust first-quarter financial results and a broader rally in the semiconductor sector.

The company reported a significant 42% year-over-year increase in revenue, with its Compute and Communications business segment achieving record-high quarterly revenue. These strong results helped restore investor confidence, which had been shaken earlier in the week by concerns over share dilution related to the company's announced $16.5 billion acquisition of firmware maker AMI.

The positive movement was further supported by a sector-wide uptrend, as the broader semiconductor industry experienced sharp gains during the same trading session, indicating strong market momentum for chip stocks.