On August 18, Lattice Semiconductor fell 5.77% in pre-market trading, trading at $125.0/share, with turnover of $208,800. The decline came amid a broad semiconductor sector selloff combined with the disclosure of insider transactions.
The semiconductor sector faced collective pressure, with peers Micron Technology down 4.26%, Intel down 3.45%, Advanced Micro Devices down 2.71%, NVIDIA down 1.96%, and Broadcom down 1.69%, dragging individual names lower through sector linkage. Additionally, the company disclosed two insider transactions on August 17, adding selling pressure. The stock had surged over 5% in the prior session on continued momentum from its strong Q2 earnings beat — adjusted EPS of $0.53 versus the $0.44 consensus estimate, representing a 20.45% beat — creating profit-taking conditions. The company guided Q3 adjusted EPS of $0.54-$0.58 on revenue of $245-$265 million, well above analyst expectations of $0.47 EPS on $201.6 million revenue. Bank of America recently raised its price target to $125 from $105, while the completion of the $1.65 billion AMI acquisition provides medium-term growth support.
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