Lattice Semiconductor Corporation (LSCC) - NASDAQ
  • Oct. 29, 2015, 4:22 PM
    • Lattice Semiconductor (NASDAQ:LSCC): Q3 EPS of -$0.04 misses by $0.01.
    • Revenue of $109.72M (+26.7% Y/Y) misses by $1.79M.
    | Oct. 29, 2015, 4:22 PM
  • Oct. 28, 2015, 5:35 PM
  • Oct. 22, 2015, 12:24 PM
    • The Philadelphia Semi Index (SOXX +3%) has risen above $90 for the first time since July on a day the Nasdaq is up 1.5%. Helping out: Texas Instruments (TXN +10.4%) soundly beat Q3 estimates, reported positive growth for its analog and embedded processing (DSP/microcontroller) units in spite of a customer inventory correction, and (with the help of iPhone content gains) provided mostly above-consensus Q4 guidance.
    • Meanwhile, Cypress Semi (up 4.1%) is rallying in spite of posting mixed Q3 results and issuing light Q4 guidance. A new $450M buyback is helping.
    • TI/Cypress microcontroller peers NXP (NXPI +4.2%), Freescale (FSL +3.5%), STMicroelectronics (STM +2.5%), and Microchip (MCHP +2.9%) are among the gainers. As are TI analog/mixed-signal peers ON Semi (ON +5%), Intersil (ISIL +3.2%), IDT (IDTI +3.6%), Monolithic (MPWR +3.3%), and Silicon Labs (SLAB +2.6%).
    • Other notable gainers include InvenSense (INVN +2.6%), Nvidia (NVDA +3.5%), Cavium (CAVM +4.4%), Knowles (KN +3.6%), and Lattice Semi (LSCC +7%).
    • On its earnings call (transcript), TI mentioned automotive chip demand (boosted by growing chip content in various systems) was strong. Industrial sales were roughly flat (better than expected), and personal electronics benefited from "demand from one customer" (likely Apple). Wireless infrastructure fell 30% Y/Y (Chinese weakness), but rose Q/Q.
    • Chip stocks also outperformed yesterday after Western Digital announced it's buying SanDisk, Lam Research announced it's buying KLA-Tencor, and CPU core giant ARM (ARMH +2.7%) beat Q3 revenue estimates (EPS slightly missed) with the help of a 20% Y/Y increase in ARM chip shipments to 3.6B, and stated it expects 2015 revenue to be in-line with market expectations.
    • Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | Oct. 22, 2015, 12:24 PM
  • Oct. 13, 2015, 3:06 PM
    • The Nasdaq hasn't moved much this week, but the same can't be said of FPGA developers Lattice Semi (LSCC +8.3%) and server adapter/converter appliance maker Silicom (SILC +4.6%). The former is up 17% from Friday's close, and the latter up 12%.
    • On Friday, Franklin Resources disclosed it had upped its stake in Lattice to 10.3% from a prior 8.7%. M&A hopes could be giving a lift to the company, given how many small and mid-cap chipmakers have been acquired over the last two years. CEO Darin Billerbeck stated in June he's open to a sale.
    • Silicom reports on Oct. 26, and Lattice on Oct. 29.
    | Oct. 13, 2015, 3:06 PM
  • Oct. 13, 2015, 12:45 PM
    | Oct. 13, 2015, 12:45 PM | 5 Comments
  • Jul. 30, 2015, 4:21 PM
    • Lattice Semiconductor (NASDAQ:LSCC): Q2 EPS of -$0.07 misses by $0.06.
    • Revenue of $106.46M (+7.2% Y/Y) misses by $13.32M.
    | Jul. 30, 2015, 4:21 PM
  • Jul. 22, 2015, 11:11 AM
    • The Philadelphia Semi Index (SOXX -3.2%) has fallen to its lowest levels since February after Apple, ARM, and Linear Technology posted their calendar Q2 reports yesterday afternoon.
    • Apple (down 4.8%) beat estimates, but offered soft guidance and reported slightly below-consensus iPhone sales. ARM (down 3.8%) reported roughly in-line Q2 results and a 26% Y/Y increase in ARM-based chip shipments, while stating it expects 2015 results to be in-line with expectations.
    • Linear (down 7.8%) missed FQ4 estimates and provided weak FQ1 guidance. Notably, the analog/mixed-signal chipmaker added it saw bookings slow "considerably" towards the end of Q2, with industrial and PC demand particularly weak. Bookings have improved in July, but Linear is still "preparing for a difficult [Q3]." The company expresses optimism the downturn will be short.
    • Apple suppliers are seeing big losses (previous). As are Linear peers Texas Instruments (TXN -3.7%), ON Semi (ON -5.1%), Maxim (MXIM -3.5%), IDT (IDTI -6.5%, Apple Watch supplier), InPhi (IPHI -4%), Exar (EXAR -4.2%), and Analog Devices (downgraded by Drexel Hamilton).
    • Other decliners include Micron (MU -4.2%, also an Apple supplier), Synaptics (SYNA -6.4%, ditto), STMicroelectronics (STM -6.2%, downgraded by Citi), Freescale (FSL -4.8%, following merger partner/Apple supplier NXP lower), Microchip (MCHP -4.6%), Cypress (CY -4.3%), Lattice (LSCC -3.9%), and Silicon Motion (SIMO -4.4%).
    • Qualcomm, TI, Cirrus Logic, SanDisk, and Xilinx report this afternoon.
    • Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | Jul. 22, 2015, 11:11 AM | 3 Comments
  • Jul. 2, 2015, 9:55 AM
    • Sidoti has launched coverage on Lattice Semi (NASDAQ:LSCC) with a Buy rating and $11 target. Shares are rallying a day after making a new 52-week low of $5.76 (and closing $0.03 above it).
    • The FPGA maker rallied in early June after CEO Darin Billerbeck told Reuters his company is open to a sale at a large premium. However, shares returned their gains after another exec stated Billerbeck was just providing a standard response on such matters.
    | Jul. 2, 2015, 9:55 AM
  • Jun. 4, 2015, 12:31 PM
    • Three days after larger FPGA rival Altera announced it's being acquired by Intel, Lattice Semi (NASDAQ:LSCC) Darin Billerbeck says his company is open to a sale, per Reuters. Shares have spiked higher in response.
    • In January, Lattice struck a $600M deal to buy video transmitter IC vendor Silicon Image. This morning, FBR called Lattice its #2 chip industry buyout candidate, behind Atmel.
    | Jun. 4, 2015, 12:31 PM
  • May 4, 2015, 4:02 PM
    • Lattice Semiconductor (NASDAQ:LSCC): Q1 EPS of $0.03 in-line.
    • Revenue of $88.59M (-8.3% Y/Y) beats by $4.89M.
    | May 4, 2015, 4:02 PM
  • May 3, 2015, 5:35 PM
  • Apr. 24, 2015, 2:03 PM
    • Though the Nasdaq is up 0.7% thanks to market-pleasing earnings from Google, Microsoft, and Amazon, chip stocks (SOXX -2.1%) are adding to their Thursday losses after Freescale, Altera, Microsemi, and Maxim joined the ranks of chipmakers offering soft Q2 guidance; Texas Instruments, Xilinx, and Qualcomm did so on Wednesday afternoon.
    • NXP (NXPI -4.3%), set to merge with Freescale in a cash/stock deal, is selling off ahead of its April 29 Q1 report. RF chipmakers Skyworks (SWKS -3.8%), Qorvo (QRVO -4.4%), and Avago (AVGO -5.2%) are also seeing steep declines.
    • Other decliners include a slew of telecom/networking, microcontroller, and analog/mixed-signal chipmakers. The group includes Marvell (MRVL -3%), ON Semi (ON -6.9%), Atmel (ATML -3.3%), Cypress (CY -4%), Lattice (LSCC -3.9%), Semtech (SMTC -6.9%), Cavium (CAVM -6%), PMC-Sierra (PMCS -2.9%), InPhi (IPHI -3.8%), and Silicon Labs (SLAB -2.9%). Chip packaging/testing firm Amkor (AMKR -5.7%) is also off; its Q1 report arrives on Monday.
    • As was the case with TI and Xilinx, soft telecom equipment chip demand was often blamed by those guiding light yesterday afternoon. Freescale (FSL -3.5%) stated it expects network processor division sales to be down Q/Q and RF (base station power amplifier) division sales to be flat. Microcontroller, automotive, and analog and sensor division sales are expected to rise.
    • Altera (ALTR -3.3%) stated its "telecom and wireless business, and particularly our wireless business globally looks to be quite weak in [Q2], while the rest for our business will in aggregate be flat to slightly up." Regarding its Q1 miss, the company notes "Industrial, test, compute and storage, and to a lesser extent military, fell short of our forecast" (share loss to Xilinx?).
    • Maxim reports seeing "broad-based softness in communications infrastructure demand" and soft industrial bookings to go with healthier mobile/auto demand. The Galaxy S6 appears to be giving a lift to Maxim's mobile sales.
    • Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | Apr. 24, 2015, 2:03 PM | 1 Comment
  • Mar. 27, 2015, 5:38 PM
    | Mar. 27, 2015, 5:38 PM
  • Mar. 27, 2015, 3:47 PM
    • The WSJ reports Intel (INTC +5.9%) is in talks to buy FPGA vendor/foundry partner Altera (ALTR +22.7%). Shares of both companies have surged in response. With Altera currently sporting a $12.7B market cap, the deal would be the biggest in Intel's history, and one of the biggest in the chip industry's M&A/consolidation wave.
    • Intel struck a foundry deal with Altera in 2013, and is set to produce 14nm chips for the company. Altera's FPGAs are found in plenty of products containing Intel's Xeon server CPUs or network processors. The companies have also collaborated on a solution for Web data centers that pairs a Xeon CPU and an Altera FPGA in the same package, with the latter enabling on-the-fly programmability.
    • Altera archrival Xilinx (XLNX +5%) and smaller rival Lattice (LSCC +3.7%) have also spiked higher.
    • Update (4:00PM ET): The full story is now out. The WSJ states deal terms and timing are unknown.
    • Update 2 (4:08PM): Bloomberg has joined the WSJ in reporting of deal talks. Intel closed up 6.4%, and Altera closed up 28.4%.
    | Mar. 27, 2015, 3:47 PM | 110 Comments
  • Mar. 25, 2015, 12:03 PM
    • Chip stocks are particularly hard-hit  (SOXX -3.6%) on a rough day for tech. The Nasdaq is down 1.3%, and the S&P 0.7%. Going into today, good earnings reports and ongoing M&A activity had led the Philadelphia Semi Index to rise 10% from its Jan. 30 close; the index remains up nearly 2x from its fall 2012 lows.
    • AMD (AMD -7.2%) is a major decliner following a UBS downgrade. AMD rival/GPU giant Nvidia (NVDA -5.2%) and memory giant Micron (MU -3.7%) are also selling off, as are merger partners NXP (NXPI -3.8%) and Freescale (FSL -3.4%), RF chipmakers Avago (AVGO -5.2%), Skyworks (SWKS -5.3%), and Qorvo (QRVO -7.1%), LED/RF chipmaker Cree (CREE -4.1%), and high-flying video processor developer Ambarella (AMBA -4.3%).
    • Other decliners include telecom chipmakers/ARM server CPU vendors Cavium (CAVM -4.8%) and AppliedMicro (AMCC -4.4%), microcontroller vendors Atmel (ATML -3.5%), Cypress (CY -5.5%), and STMicroelectronics (STM -3.5%), voice processor developer Audience (ADNC -3.7%), analog/mixed-signal chipmakers Linear (LLTC -3.7%), Maxim (MXIM -3%), and Intersil (ISIL -3.5%), FPGA maker Lattice (LSCC -3.9%), and mixed-signal/wireless charging IC developer IDT (IDTI -5.4%).
    • Chip equipment, IP, and foundry providers are also underperforming. Big decliners include ARM (ARMH -4.4%), KLA-Tencor (KLAC -4.2%), Lam Research (LRCX -5.4%), ASML (ASML -4.1%), TowerJazz (TSEM -4.3%), Mattson (MTSN -4.5%), Ultratech (UTEK -4.7%), and Tessera (TSRA -6.1%). ASML has been downgraded to Hold by Banco Santander.
    • TSMC (TSM -4.6%) is among the decliners in spite of a Digitimes report stating the foundry giant's sales are expected to rise 0%-5% Q/Q in Q2 - consensus is for a 2% drop - with strong Apple A8 CPU orders offsetting soft Qualcomm Snapdragon 810 orders.
    • Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | Mar. 25, 2015, 12:03 PM | 19 Comments
  • Feb. 3, 2015, 4:13 PM
    • Lattice Semiconductor (NASDAQ:LSCC): Q4 EPS of $0.03 misses by $0.05 (adjusted for .10 in pretax gains).
    • Revenue of $83.6M (-6.6% Y/Y) misses by $1.26M.
    | Feb. 3, 2015, 4:13 PM | 1 Comment
Company Description
Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. It also provide design services, customer training, field engineering and technical support. The company's products are widely used in semiconductor components that can be configured by... More
Sector: Technology
Industry: Semiconductor - Specialized
Country: United States