Lattice Semiconductor Extends Breakout On Enthusiasm For New Chips

Chipmaker Lattice Semiconductor (LSCC) impressed Wall Street this week with its latest low-power programmable chips. LSCC stock surged on the news.


The Hillsboro, Ore.-based company on Wednesday introduced its Lattice CertusPro-NX family of field-programmable gate arrays, or FPGAs. It is the fourth device family based on the company’s Lattice Nexus platform to launch in just 18 months.

The general-purpose chips are designed for a wide range of applications. Those applications include data coprocessing in intelligent systems, high-bandwidth signal bridging in 5G communications infrastructure, and sensor interface bridging in advanced driver assistance systems.

“Many edge devices require low power consumption for better thermal management, high system bandwidth for fast chip-to-chip communication, components with small form factors for compact device designs, robust memory resources to support data processing, and high reliability for mission-critical applications,” Linley Gwennap, principal analyst at the Linley Group, said in a news release. “Lattice’s CertusPro-NX FPGAs address all of these factors.”

LSCC Stock Breaks Out On News

On Thursday, LSCC stock broke out of a cup-with-handle base at a buy point of 53.89, according to IBD MarketSmith charts.

On the stock market today, LSCC stock rose 0.8% to 55.87.

Rosenblatt Securities analyst Hans Mosesmann on Thursday reiterated his buy rating on LSCC stock. He also raised his price target to 62 from 56.

Lattice’s new CertusPro-NX programmable chips add to the company’s “impressive small FPGA portfolio,” he said in a note to clients.

“Optimized for AI at the edge, where low power, high bandwidth, and high reliability is key for the massive ramp of new AI inference applications/workloads, the CertusPro-NX is hitting the market where there is little to no innovation from larger FPGA players (Intel (INTC) and Xilinx (XLNX)) and where traditional microcontrollers are ill-suited to deal with exponentially increasing data sets,” Mosesmann said.

Lattice will expand its total addressable market next year when it introduces midsize FPGA products, Mosesmann said.

Lattice Ranks Seventh In Industry Group

LSCC stock ranks seventh out of 30 stocks in IBD’s fabless semiconductor industry group. It has an IBD Composite Rating of 94 out of 99, according to IBD Stock Checkup. IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

LSCC stock is one of seven fabless semiconductor stocks on the MarketSmith Growth 250 list. The Growth 250 is a curated list of high-potential stocks poised for possible breakouts.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


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