Latest news with #LatticeSemiconductorCorporation
Business Wire
08-05-2025
- Business
- Business Wire
Lattice Semiconductor to Present at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference
HILLSBORO, Ore.--(BUSINESS WIRE)-- Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, today announced that it will present at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 13, 2025 at the Westin Seaport District Hotel in Boston. Ford Tamer, Chief Executive Officer, Lorenzo Flores, Chief Financial Officer, and Rick Muscha, Vice President of Investor Relations, will discuss Lattice Semiconductor's strategy and recent financial results. A fireside chat with institutional investors will be webcast at 2:30 p.m. Eastern Time on the investor relations section of Lattice Semiconductor's website at About Lattice Semiconductor Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing communications, computing, industrial, automotive and consumer markets. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. For more information about Lattice, please visit You can also follow us via LinkedIn, X, Facebook, YouTube, WeChat, or Weibo.
Business Wire
06-05-2025
- Business
- Business Wire
Lattice to Showcase Advanced Edge AI Solutions at New-Tech 2025 Exhibition
HILLSBORO, Ore.--(BUSINESS WIRE)-- Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced that it will showcase its latest FPGA technology at the New-Tech 2025 Exhibition. Lattice technology demos will be featured in the Telsys Ltd. booth, showcasing industry-leading low power, small form factor FPGAs and application-specific solutions enabling advanced embedded vision, artificial intelligence, and sensor fusion capabilities. Additionally, Lattice will deliver a technical presentation titled 'Power-Efficient Robotics and Automation Fueled by Lattice FPGA Technology' about how advanced, power-optimized FPGAs can dramatically reduce power consumption for next-generation automation and robotics solutions for Industrial applications. About Lattice Semiconductor Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing Communications, Computing, Industrial, Automotive, and Consumer markets. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. For more information about Lattice, please visit You can also follow us via LinkedIn, Twitter, Facebook, YouTube, WeChat, or Weibo. Lattice Semiconductor Corporation, Lattice Semiconductor (& design), and specific product designations are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries. The use of the word 'partner' does not imply a legal partnership between Lattice and any other entity. GENERAL NOTICE: Other product names used in this publication are for identification purposes only and may be trademarks of their respective holders.
Business Wire
05-05-2025
- Business
- Business Wire
Lattice Semiconductor Reports First Quarter 2025 Results
HILLSBORO, Ore.--(BUSINESS WIRE)--Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, announced financial results today for the fiscal first quarter ended March 29, 2025. Revenue for the first quarter of 2025 was $120.1 million, with GAAP gross margin of 68.0%, and GAAP net income of $0.04 per diluted share. On a non-GAAP basis, gross margin was 69.0%, with net income per diluted share of $0.22. GAAP net income and GAAP net income margin for the first quarter of 2025 were $5.0 million and 4.2%, respectively, with adjusted EBITDA of $40.1 million, which is a 33.4% adjusted EBITDA margin for the first quarter of 2025. GAAP net cash flow from operating activities for the first quarter of 2025 was $31.9 million, which is a GAAP operating cash flow margin of 26.5%, and free cash flow and free cash flow margin of $23.3 million and 19.4%, respectively. Ford Tamer, Chief Executive Officer, said, "The first quarter of 2025 developed as expected, with sequential revenue growth, a record level of design wins, and a further expansion of our operating margins. Revenue and design win growth are being led by new applications, notably in generative AI in the datacenter, robotics in industrial, in-cabin and ADAS in automotive, AR/VR in consumer, security, including post-quantum cryptography, and far edge AI for lower power applications. While we are encouraged by our progress, we are monitoring the market environment, along with the broader industry, as it could have an impact on our outlook." Lorenzo Flores, Chief Financial Officer, said, "Revenue, gross margin, and improved profitability, including adjusted EBITDA at 33.4%, were all in line with our outlook for the first quarter of 2025. The prior realignment of our resources, coupled with our resilient supply chain and global customer base, position us well. We're maintaining disciplined control over operating expenses while continuing to focus on execution." Selected First Quarter 2025 Financial Results and Comparisons (in thousands, except per share data) GAAP Financial Results (unaudited) Q1 2025 Q4 2024 Q1 2024 Q/Q Y/Y Revenue $ 120,150 $ 117,419 $ 140,815 2.3% (14.7)% Gross Margin % 68.0 % 61.1 % 68.3 % 690 bps (30) bps R&D Expense % 34.4 % 32.9 % 28.8 % 150 bps 560 bps SG&A Expense % 27.6 % 25.1 % 25.9 % 250 bps 170 bps Operating Expenses $ 74,754 $ 83,962 $ 79,634 (11.0)% (6.1)% Income (loss) from Operations $ 6,974 $ (12,209 ) $ 16,574 (157.1)% (57.9)% Net Income $ 5,022 $ 16,514 $ 14,796 (69.6)% (66.1)% Net Income per Share - Basic $ 0.04 $ 0.12 $ 0.11 $(0.08) $ (0.07) Net Income per Share - Diluted $ 0.04 $ 0.12 $ 0.11 $(0.08) $ (0.07) Net Income Margin 4.2 % 14.1 % 10.5 % (990) bps (630) bps Operating Cash Flow Margin 26.5 % 38.7 % 21.0 % (1220) bps 550 bps Expand Non-GAAP* Financial Results (unaudited) Q1 2025 Q4 2024 Q1 2024 Q/Q Y/Y Revenue $ 120,150 $ 117,419 $ 140,815 2.3% (14.7)% Gross Margin % 69.0 % 62.1 % 69.0 % 690 bps — R&D Expense % 25.8 % 26.8 % 23.1 % (100) bps 270 bps SG&A Expense % 18.4 % 19.3 % 16.1 % (90) bps 230 bps Operating Expenses $ 51,408 $ 52,799 $ 54,858 (2.6)% (6.3)% Income from Operations $ 31,539 $ 20,097 $ 42,238 56.9% (25.3)% Net Income $ 30,746 $ 20,181 $ 40,258 52.4% (23.6)% Net Income per Share - Basic $ 0.22 $ 0.15 $ 0.29 $ 0.07 $ (0.07) Net Income per Share - Diluted $ 0.22 $ 0.15 $ 0.29 $ 0.07 $ (0.07) Adjusted EBITDA Margin 33.4 % 24.8 % 35.7 % 860 bps (230) bps Free Cash Flow Margin 19.4 % 33.8 % 18.5 % (1440) bps 90 bps Expand GAAP represents U.S. Generally Accepted Accounting Principles. Non-GAAP represents GAAP excluding the impact of certain activities which the Company's management excludes in analyzing the Company's operating results and in understanding trends in the Company's earnings. Additional information relating to these measures is included below in 'Non-GAAP Financial Measures.' For a reconciliation of GAAP to non-GAAP results, see accompanying tables "Reconciliation of U.S. GAAP to Non-GAAP Financial Measures." Business Outlook - Second Quarter of 2025: Revenue for the second quarter of 2025 is expected to be between $118.5 million and $128.5 million. Gross margin percentage for the second quarter of 2025 is expected to be 69% plus or minus 1% on a non-GAAP basis. Total operating expenses for the second quarter of 2025 are expected to be between $50.5 million and $52.5 million on a non-GAAP basis. Income tax rate for the second quarter of 2025 is expected to be between 5% and 6% on a non-GAAP basis. Net income for the second quarter of 2025 is expected to be between $0.22 and $0.26 per share on a non-GAAP basis. Non-GAAP Financial Measures: In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release makes reference to non-GAAP financial measures. With respect to the outlook for the second quarter of 2025, certain items that affect calculation of GAAP financial measures for gross margin percentage and total operating expenses are not available on a forward-looking basis because such items cannot be reasonably calculated without unreasonable efforts due to the unpredictability of the amounts and timing of events affecting the items we exclude from non-GAAP financial measures, including certain large and/or unpredictable charges such as stock-based compensation expense; performance-based equity expense; legal expense outside the ordinary course of business; restructuring; and impairment. Consequently, the Company is unable to calculate the most directly comparable GAAP measure to non-GAAP gross margin percentage or non-GAAP total operating expenses for the Company ' s second quarter 2025 quarterly guidance. Investor Conference Call / Webcast Details: Lattice Semiconductor will review the Company's financial results for the fiscal first quarter 2025, and business outlook on Monday, May 5 at 5:00 p.m. Eastern Time. The dial-in number for the live audio call is 1-877-407-3982 or 1-201-493-6780 with conference identification number 13753095. A live webcast of the conference call will also be available on the investor relations section of The Company's financial guidance will be limited to the comments on its public quarterly earnings call and the public business outlook statements contained in this press release. Forward-Looking Statements Notice: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve estimates, assumptions, risks and uncertainties. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are neither historical facts nor assurances of future performance and may be forward-looking. Such forward-looking statements include, but are not limited to, statements relating to our strategy, product roadmap, new applications of our products, long-term financial model; revenue growth, design win growth, market improvement; and the statements under the heading 'Business Outlook - Second Quarter of 2025.' Other forward-looking statements may be indicated by words such as 'will,' 'could,' 'should,' 'would,' 'may,' 'expect,' 'plan,' 'project,' 'anticipate,' 'intend,' 'forecast,' 'future,' 'believe,' 'estimate,' 'predict,' 'propose,' 'potential,' 'continue' or the negative of these terms or other comparable terminology. Estimates of future revenue and other financial and operational outcomes are inherently uncertain due to factors such as global economic conditions which may affect customer demand, the cyclical nature of the semiconductor industry, pricing and inflationary pressures, competitive actions, international trade disputes and sanctions, the potential impact of global pandemics, the impact of tariffs, license requirements or similar actions on our suppliers and customers, including the impact on the costs of our products, the products into which they are integrated, and the impact on demand due to costs and uncertainty; and other significant risks and uncertainties that are beyond our ability to predict or control. Actual gross margin percentage and operating expenses could vary from the estimates on the basis of, among other things, changes in revenue levels, changes in product pricing and mix, changes in wafer, assembly, test and other costs, variations in manufacturing yields, the failure to sustain operational improvements, and the actual amount of compensation charges due to stock price changes. Actual income tax rate and actual net income on a per share basis may differ from our expectations. Actual results may differ materially from our expectations and are subject to risks and uncertainties that relate more broadly to our overall business, including those described in our filings with the Securities and Exchange Commission, including Lattice's most recent Annual Report on Form 10-K, especially those under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations', all of which are expressly incorporated herein by reference. Lattice believes these and other risks and uncertainties could cause actual results to differ materially from the forward-looking statements. New risk factors emerge from time to time and it is not possible for the Company to predict all risk factors. You should not rely on forward-looking statements because actual results could differ materially from those expressed in any forward-looking statements. In addition, any forward-looking statement applies only as of the date on which it is made. The Company does not intend to and undertakes no obligation to update or revise any forward-looking statements, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Non-GAAP Financial Measures: Included within this press release and the accompanying tables and notes are certain non-GAAP financial measures that supplement the Company's consolidated financial information prepared in accordance with U.S. GAAP, including non-GAAP gross margin, gross margin percentage, R&D expense, SG&A expense, operating expenses, income from operations, other (expense) income, net, income tax expense, net income, net income per share – basic, and net income per share – diluted, adjusted EBITDA, adjusted EBITDA margin, free cash flow, and free cash flow margin. The non-GAAP measures presented exclude charges and adjustments primarily related to stock-based compensation and related payroll tax effects; accruals related to the portion of our annual incentive plan that we intend to settle in shares of our common stock; legal expense outside the ordinary course of business; amortization of acquired intangible assets; restructuring plans, transformation activities, and other charges; impairments; and the estimated tax effect of these items, non-cash changes in net deferred income taxes, change in tax law and other tax adjustments; and depreciation and other amortization. These charges and adjustments are a result of periodic or non-core operating activities of the Company. The Company describes these non-GAAP financial measures and reconciles them to the most directly comparable GAAP measures in the tables and notes attached to this press release. The Company's management believes that these non-GAAP financial measures provide an additional and useful way of viewing aspects of our performance that, when viewed in conjunction with our GAAP results, provide a more comprehensive understanding of the various factors and trends affecting our ongoing financial performance and operating results than GAAP measures alone. Management also uses these non-GAAP measures for strategic and business decision-making, internal budgeting, forecasting, and resource allocation processes and believes that investors should have access to similar data. The non-GAAP financial information used by the Company may differ from that used by other companies. These non-GAAP measures are included solely for informational and comparative purposes and are not meant as a substitute for GAAP and should be considered together with the consolidated financial information located in the tables attached to this press release. About Lattice Semiconductor Corporation: Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing communications, computing, industrial, automotive and consumer markets. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. Lattice Semiconductor Corporation Condensed Consolidated Balance Sheets (in thousands) (unaudited) March 29, December 28, 2025 2024 Assets Current assets: Cash and cash equivalents $ 127,564 $ 136,291 Accounts receivable, net 84,545 81,060 Inventories, net 94,890 103,410 Other current assets 31,331 44,073 Total current assets 338,330 364,834 Property and equipment, net 55,699 52,988 Operating lease right-of-use assets 20,729 13,870 Intangible assets, net 5,107 4,587 Goodwill 315,358 315,358 Deferred income taxes 66,282 66,980 Other long-term assets 22,145 25,286 $ 823,650 $ 843,903 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 32,334 $ 36,828 Accrued liabilities 30,770 45,638 Accrued payroll obligations 15,355 17,156 Total current liabilities 78,459 99,622 Long-term operating lease liabilities, net of current portion 16,228 9,433 Other long-term liabilities 21,052 23,916 Total liabilities 115,739 132,971 Stockholders' equity 707,911 710,932 $ 823,650 $ 843,903 Expand Lattice Semiconductor Corporation Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended March 29, March 30, 2025 2024 Cash flows from operating activities: Net income $ 5,022 $ 14,796 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Stock-based compensation expense 20,373 18,494 Depreciation and amortization 8,880 9,129 Other non-cash adjustments 2,834 2,442 Net changes in assets and liabilities (5,217 ) (15,350 ) Net cash provided by (used in) operating activities 31,892 29,511 Cash flows from investing activities: Capital expenditures (8,616 ) (3,426 ) Other investing activities (3,462 ) (4,321 ) Net cash provided by (used in) investing activities (12,078 ) (7,747 ) Cash flows from financing activities: Repurchase of common stock (25,000 ) (20,000 ) Net cash flows related to stock compensation exercises (3,779 ) (22,174 ) Net cash provided by (used in) financing activities (28,779 ) (42,174 ) Effect of exchange rate change on cash 238 (441 ) Net increase (decrease) in cash and cash equivalents (8,727 ) (20,851 ) Beginning cash and cash equivalents 136,291 128,317 Ending cash and cash equivalents $ 127,564 $ 107,466 Supplemental disclosure of cash flow information and non-cash investing and financing activities: Income taxes paid, net of refunds $ 1,440 $ 1,249 Operating lease payments $ 2,403 $ 2,099 Expand Lattice Semiconductor Corporation (in thousands, except per share data) (unaudited) Three Months Ended March 29, December 28, March 30, 2025 2024 2024 Gross Margin Reconciliation GAAP Gross margin $ 81,728 $ 71,753 $ 96,208 Stock-based compensation - gross margin (1) 1,143 1,143 888 Incentive compensation to be settled in equity - gross margin (2) 76 — — Non-GAAP Gross margin $ 82,947 $ 72,896 $ 97,096 Expand Gross Margin % Reconciliation GAAP Gross margin % 68.0 % 61.1 % 68.3 % Stock-based compensation - gross margin (1) 0.9 % 1.0 % 0.7 % Incentive compensation to be settled in equity - gross margin (2) 0.1 % — — Non-GAAP Gross margin % 69.0 % 62.1 % 69.0 % Expand Research and Development Expense % (R&D Expense %) Reconciliation GAAP R&D Expense % 34.4 % 32.9 % 28.8 % Stock-based compensation - R&D (1) (8.1 )% (6.1 )% (5.7 )% Incentive compensation to be settled in equity - R&D (2) (0.5 )% — — Non-GAAP R&D Expense % 25.8 % 26.8 % 23.1 % Expand Selling, General, and Administrative Expense % (SG&A Expense %) Reconciliation GAAP SG&A Expense % 27.6 % 25.1 % 25.9 % Stock-based compensation - SG&A (1) (8.1 )% (5.6 )% (7.1 )% Incentive compensation to be settled in equity - SG&A (2) (0.7 )% — — Legal expenses (3) (0.4 )% (0.2 )% (2.7 )% Non-GAAP SG&A Expense % 18.4 % 19.3 % 16.1 % Expand Operating Expenses Reconciliation GAAP Operating expenses $ 74,754 $ 83,962 $ 79,634 Stock-based compensation - operations (1) (19,413 ) (13,712 ) (18,117 ) Incentive compensation to be settled in equity - operations (2) (1,452 ) — — Legal expenses (3) (533 ) (181 ) (3,832 ) Amortization of acquired intangible assets — (870 ) (870 ) Restructuring, transformation, and other (4) (1,948 ) (2,471 ) (1,957 ) Impairment of acquired intangible assets — (13,929 ) — Non-GAAP Operating expenses $ 51,408 $ 52,799 $ 54,858 Expand Income from Operations Reconciliation GAAP Income (loss) from operations $ 6,974 $ (12,209 ) $ 16,574 Stock-based compensation (1) 20,556 14,855 19,005 Incentive compensation to be settled in equity (2) 1,528 — — Legal expenses (3) 533 181 3,832 Amortization of acquired intangible assets — 870 870 Restructuring, transformation, and other (4) 1,948 2,471 1,957 Impairment of acquired intangible assets — 13,929 — Non-GAAP Income from operations $ 31,539 $ 20,097 $ 42,238 Expand (1) The non-GAAP adjustments for Stock-based compensation include related payroll tax expenses. (2) Accruals for the portion of our annual incentive plan that we intend to settle in equity. (3) Legal expenses outside the ordinary course of business, including those incurred defending against claims brought against the Company by Steven A.W. De Jaray, Perienne De Jaray and Darrell R. Oswalde. (4) Restructuring, transformation, and other includes transformation charges of $1.0 million for both Q1 2025 and Q4 2024. Expand Lattice Semiconductor Corporation (in thousands, except per share data) (unaudited) Three Months Ended 2025 2024 2024 Income from Operations % Reconciliation GAAP Income (loss) from operations % 5.8 % (10.4 )% 11.8 % Cumulative effect of non-GAAP Gross Margin and Operating adjustments 20.4 % 27.5 % 18.2 % Non-GAAP Income from operations % 26.2 % 17.1 % 30.0 % Expand Other Income (Expense) Reconciliation GAAP Other income (expense), net $ (45 ) $ (2,135 ) $ (46 ) Write-off of nonrecoverable cost-basis investment — 2,023 — Non-GAAP Other income (expense), net $ (45 ) $ (112 ) $ (46 ) Expand Income Tax Expense (Benefit) Reconciliation GAAP Income tax expense (benefit) $ 2,959 $ (30,086 ) $ 3,039 Estimated tax effect of non-GAAP adjustments 2,086 4,735 4,337 Non-cash changes in net deferred income taxes (5) (2,307 ) 25,757 (2,754 ) Change in tax law (6) (938 ) 170 (1,381 ) Non-GAAP Income tax expense $ 1,800 $ 576 $ 3,241 Expand Net Income Reconciliation GAAP Net income $ 5,022 $ 16,514 $ 14,796 Stock-based compensation (1) 20,556 14,855 19,005 Incentive compensation to be settled in equity (2) 1,528 — — Legal expenses (3) 533 181 3,832 Amortization of acquired intangible assets — 870 870 Restructuring, transformation, and other (4) 1,948 2,471 1,957 Impairment of acquired intangible assets — 13,929 — Write-off of nonrecoverable cost-basis investment — 2,023 — Estimated tax effect of non-GAAP adjustments (2,086 ) (4,735 ) (4,337 ) Non-cash changes in net deferred income taxes (5) 2,307 (25,757 ) 2,754 Change in tax law (6) 938 (170 ) 1,381 Non-GAAP Net income $ 30,746 $ 20,181 $ 40,258 Expand (1) The non-GAAP adjustments for Stock-based compensation include related payroll tax expenses. (2) Accruals for the portion of our annual incentive plan that we intend to settle in equity. (3) Legal expenses outside the ordinary course of business, including those incurred defending against claims brought against the Company by Steven A.W. De Jaray, Perienne De Jaray and Darrell R. Oswalde. (4) Restructuring, transformation, and other includes transformation charges of $1.0 million for both Q1 2025 and Q4 2024. (5) Non-cash changes in net deferred income taxes associated with $27.7 million of certain tax matters related to prior fiscal periods in the fourth quarter of fiscal 2024. (6) Adjustments for Change in tax law reflect an increase in our provision for U.S. tax on foreign operations resulting from The 2017 Tax Cuts and Jobs Act and is related to the capitalization and subsequent amortization of R&D costs for tax purposes. Expand Expand Reconciliation of Net income to Adjusted EBITDA GAAP Net income $ 5,022 $ 16,514 $ 14,796 Interest (income) expense, net (1,052 ) (772 ) (1,307 ) Income tax expense (benefit) 2,959 (30,086 ) 3,039 Amortization of acquired intangible assets — 870 870 Depreciation and other amortization 8,586 9,131 8,096 Stock-based compensation (1) 20,556 14,855 19,005 Incentive compensation to be settled in equity (2) 1,528 — — Legal expenses (3) 533 181 3,832 Restructuring, transformation, and other (4) 1,948 2,471 1,957 Impairment of acquired intangible assets — 13,929 — Write-off of nonrecoverable cost-basis investment — 2,023 — Adjusted EBITDA $ 40,080 $ 29,116 $ 50,288 Expand Reconciliation of Net income margin to Adjusted EBITDA margin GAAP Net income margin 4.2 % 14.1 % 10.5 % Cumulative effect of EBITDA adjustments 29.2 % 10.7 % 25.2 % Adjusted EBITDA margin 33.4 % 24.8 % 35.7 % Expand Reconciliation of GAAP Net Cash Provided by Operating Activities to Free Cash Flow GAAP Net cash provided by operating activities $ 31,892 $ 45,421 $ 29,511 Operating cash flow margin 26.5 % 38.7 % 21.0 % Capital expenditures (8,616 ) (5,754 ) (3,426 ) Free cash flow $ 23,276 $ 39,667 $ 26,085 Free cash flow margin 19.4 % 33.8 % 18.5 % Expand (1) The non-GAAP adjustments for Stock-based compensation include related payroll tax expenses. (2) Accruals for the portion of our annual incentive plan that we intend to settle in equity. (3) Legal expenses outside the ordinary course of business, including those incurred defending against claims brought against the Company by Steven A.W. De Jaray, Perienne De Jaray and Darrell R. Oswalde. (4) Restructuring, transformation, and other includes transformation charges of $1.0 million for both Q1 2025 and Q4 2024. Expand
Yahoo
02-05-2025
- Business
- Yahoo
Lattice Semiconductor Corporation (LSCC): Among Billionaire David Harding's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Lattice Semiconductor Corporation (NASDAQ:LSCC) stands against other billionaire David Harding's stock picks with huge upside potential. David Harding is a British hedge fund manager and physicist by training, studied natural sciences at St. Catharine's College, University of Cambridge, with a focus on theoretical physics. His education in empirical science would go on to inform his pioneering approach to financial markets. Harding began his career in finance in the mid-1980s, working at Sabre Fund Management. At Sabre, he was instrumental in developing early systematic trading models that used statistical analysis to identify patterns in market behavior. This experience laid the foundation for his future endeavors in quantitative finance. In 1997, he established (now Winton Group), with the goal of applying scientific research and data-driven techniques to financial markets. Under Harding's leadership, Winton grew rapidly, at one point managing over $28 billion in assets. The firm became one of the most prominent names in the quantitative hedge fund space, known for its commitment to rigorous data analysis and skepticism toward discretionary trading. Winton's strategies typically involve global futures and equities, relying on vast historical datasets and algorithmic models rather than human intuition. In recent years, Harding's firm has experienced a resurgence. After a significant downturn, Winton rebounded with a 47% return in 2022, marking its best performance since the financial crisis. As of the end of last year, the firm's assets under management had risen to $12.3 billion, reflecting a strong recovery. Winton remains committed to its systematic, research-driven approach. The firm's ability to adapt to changing market conditions and its focus on long-term trends suggest potential for sustained performance in the future. At the LSEG Lipper Fund Awards 2024, Winton Capital Management was honored with the 'Best Fund over 3 Years' award in the Managed Futures category. This accolade recognizes the firm's outstanding risk-adjusted performance over a three-year period. The Awards are based on the Lipper Leader rating for Consistent Return, which evaluates funds using a risk-adjusted performance measure over multiple non-overlapping periods. This methodology ensures that the winners have provided superior consistency and risk-adjusted returns compared to similar funds. This recognition underscores Winton's commitment to delivering high-quality, systematic investment strategies that prioritize consistent performance for investors. For this list, we picked stocks from Winston Group's 13F portfolio as of the end of the fourth quarter of 2024. We listed them in the ascending order of analysts' average upside potential. These equities are also popular among other hedge funds. Note: All data was recorded on April 29, 2025. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A row of robotic arms in a factory, assembling semiconductor Potential: 33.12% Number of Hedge Fund Holders: 41 Lattice Semiconductor Corporation (NASDAQ:LSCC) develops low-power programmable logic devices and system solutions for global markets including Communications, Computing, Industrial, Automotive, and Consumer sectors. Their FPGAs support key functions such as control, connectivity, compute, and hardware security. With strengths in small form factor, energy efficiency, and I/O expansion, Lattice is positioned to benefit from trends like 5G, AI, smart devices, and increased hardware security needs. Its solutions are especially suited for edge-to-cloud applications, offering flexibility, performance, and integration in compact, cost-efficient packages. Lattice Semiconductor Corporation (NASDAQ:LSCC) continues to strengthen its position in the fast-growing small- and mid-range FPGA market, driven by demand across AI, industrial automation, data centers, automotive, and IoT. Despite a revenue decline in 2024 due to inventory normalization, Lattice maintained strong margins, achieved record design wins, launched new products like Nexus 2 and Avant devices, and improved customer demand trends. With increased backlog and a book-to-bill ratio over 1, Lattice is optimistic about a U-shaped recovery and future growth. The company's strategic workforce realignment expanded product offerings, and solid financial discipline. As a result, Lattice is positioned for a recovery in 2025 and targets 15–20% long-term revenue growth beginning in 2026. Overall, LSCC ranks 10th on our list of billionaire David Harding's stock picks with huge upside potential. While we acknowledge the growth potential of LSCC, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LSCC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
28-04-2025
- Business
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Lattice Semiconductor (LSCC) Gets Buy Rating, $85 Target from Loop Capital
We recently published a list of . In this article, we are going to take a look at where Lattice Semiconductor Corporation (NASDAQ:LSCC) stands against other stocks everyone's talking about as Trump softens his tone on China. Investors are desperately looking for signs of a market bottom after going through massive volatility and losses. 3Fourteen Research's Warren Pies said in a latest program on CNBC that we are getting 'close' to a market bottom based on his technical analysis. The analyst talked about key indicators he's looking for: 'I do think that the White House is trying to deescalate the situation. One of the markers we've seen is that Peter Navarro hasn't been on TV since April 13th, and that's corresponding with this equity rally. Setting that aside, though, I think that a bottom, a confirmed bottom, has two components. You need to see washed out sentiment and positioning. We measured that in a number of ways: we measured it in inverse ETFs for retail, we measured it for vault targeting for institutions, and CTAs for trend followers. Across all those metrics, sentiment is depressed. That's phase one of a bottom. Then, you look for technical confirmation. Philosophically, we're always going to be late because of that ordering.' READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In. For this article, we picked 10 stocks investors are currently focusing on. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Hedge Funds Investors: 32 Lattice Semiconductor Corporation (NASDAQ:LSCC) recently received a Buy rating from Loop Capital, which cited the company's potential to gain market share. Loop sees strong growth ahead for Lattice Semiconductor Corp (NASDAQ:LSCC) as it expands in the field programmable gate array (FPGA) space. The firm projects compound annual growth in the high teens, driven by FPGAs gaining traction as cheaper, more flexible alternatives to application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs). The firm set an $85 price target on the stock. Lattice Semiconductor Corp (NASDAQ:LSCC) makes FPGAs and related chips used across sectors such as communications, computing, automotive, and industrial. 'We see three main drivers for 70%-plus and 40%-plus gross and operating margins, respectively, for LSCC (vs. 67%/25% in FY24),' said Loop analyst Gary Mobley in a note. 'First, mix tailwinds will help (e.g., new product mix, software, end-market mix, etc.). Second, we see relatively good pricing power in the FPGA market, limited competition and a tailwind from newer products like Avant (as much as 20.0x ASP boost). Last, the move to lower cost regions like India & China for R&D should continue to act as a structural tailwind to LSCC's R&D expenses.' Artisan Small Cap Fund stated the following regarding Lattice Semiconductor Corporation (NASDAQ:LSCC) in its Q3 2024 investor letter: 'Among our top detractors were iRhythm, e.l.f. Beauty and Lattice Semiconductor Corporation (NASDAQ:LSCC). Lattice shares struggled due to cyclical pressures, most notably within its industrial end market, and a weak environment within the telecom business. We believe some of these ongoing headwinds are set to ease, but it may take longer than previously expected. Lattice expects a return to growth at the end of 2024 or early 2025, partly fueled by a steady flow of new product launches, which continues to drive market share gains. We remain patient.' Overall, LSCC ranks 10th on our list of stocks everyone's talking about as Trump softens his tone on China. While we acknowledge the potential of LSCC, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LSCC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
