BUZZ-Lattice Semiconductor gains after Q4 results signal stability

Shares of Lattice Semiconductor LSCC.O rise ~10% to $59.86 on Tues after the company's quarterly results signaled it was heading towards financial stability

Co is on track for its biggest daily pct. gain since mid-Sept last year as well as highest close since Dec 17

LSCC reported after the close on Mon rev. of $117.42 mln, down 31.2% from a year ago, but roughly in line with estimates of $117.09 mln. Its EPS of 15 cents, however, missed expectations of 19 cents, per data compiled by LSEG

Co forecast Q1 rev. between $115 mln to $125 mln and adj net income of between 20 cents to 24 cents

LSCC also announced senior leadership changes, including the appointment of Lorenzo Flores as CFO

"Lattice's print/guide showed welcomed signs of stability after a rough cyclical 2024. This was likely much better than investors feared given recent results from the FPGA [field-programmable gate array] businesses inside Intel INTC.O and AMD AMD.O, sending shares +>10% after-hours," TD Securities analyst Joshua Buchalter wrote in an investor note

Multiple analysts, including from TD, Raymond James, Stifel and Bank of America, raised their PT on LSCC following the result

Among 14 analysts that cover LSCC, their avg. rating is "BUY" and median PT is $70, up from $58.50 a month ago

LSCC is now up ~5% YTD with today's move, compared with a ~18% loss in 2024