On June 30, Lattice Semiconductor rose 5.02% in regular trading, trading at 154.1 USD/share, with turnover of approximately $202 million. The rally was driven by broad semiconductor sector strength combined with multiple company-specific catalysts nearing key milestones.

On the news front, the company's previously announced $1.65 billion acquisition of AMI — a cloud and AI-server management software company — is expected to close in Q3. The transaction, structured as $1 billion in cash and $650 million in Lattice stock, is projected to be immediately accretive to non-GAAP gross margin, free cash flow, and earnings per share. AMI is forecast to generate over $200 million in revenue this year, positioning Lattice toward its annualized revenue target exceeding $1 billion by Q4.

Deutsche Bank previously raised its price target on Lattice to $175 from $150 while maintaining a Buy rating, suggesting continued upside from current levels. RBC Capital Markets also highlighted that the AMI deal will solidify platform-level capabilities and expand server-AI exposure. Multiple analyst upgrades and the approaching deal closure window, combined with sector-wide momentum, propelled shares higher.

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