Why Lattice Semiconductor Shares Are Seeing Blue Skies Today
Portfolio Pulse from Lekha Gupta
Lattice Semiconductor shares rose after appointing Ford Tamer as CEO. The company reaffirmed its Q3 2024 guidance, expecting revenue between $117M and $137M. Despite missing previous earnings estimates, the stock saw a 13.1% increase.
September 16, 2024 | 6:07 pm
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POSITIVE IMPACT
Lattice Semiconductor's stock rose 13.1% following the appointment of Ford Tamer as CEO. The company reaffirmed its Q3 2024 guidance despite missing previous earnings estimates.
The appointment of a new CEO with extensive experience is seen positively by investors, leading to a 13.1% increase in stock price. The reaffirmation of guidance provides stability despite previous earnings misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
VanEck Fabless Semiconductor ETF, which includes Lattice Semiconductor, may see positive impact due to LSCC's stock rise.
As LSCC is part of the SMHX ETF, the positive movement in LSCC's stock could contribute to a positive impact on the ETF's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Global X Internet of Things ETF, which includes Lattice Semiconductor, may see positive impact due to LSCC's stock rise.
LSCC's inclusion in the SNSR ETF means its stock rise could positively influence the ETF's overall performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50