Why Lattice Semiconductor Shares Popped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our thesis.

What: Shares of Lattice Semiconductor (NASDAQ: LSCC  ) jumped nearly 15% Friday after the company turned in solid fourth-quarter results.

So what: Quarterly revenue rose 35.9% year over year, to $89.5 million, which translated to net income of $0.06 per share, compared to a net loss of $0.06 per share in the same year-ago period. Meanwhile, analysts were looking for earnings of just $0.04 per share on sales of $81.05 million.

For the current quarter, Lattice expects revenue to be "flat to plus or minus 2% on a sequential basis" -- which results in a range of $87.71 million to $91.29 million. Analysts were modeling first quarter revenue of only $83.25 million.

Now what: As it stands, shares look downright attractive looking forward at a reasonable 20 times analysts' 2014 estimates. Keeping in mind those numbers are likely to be revised upward as Wall Street has time to fully digest today's news, I still think Lattice shares should still be able to reward patient investors going forward.

Learn the names of six more incredible growth stocks in this free report
But Lattice isn't the only company growing like crazy. So where else should you look?

Consider the investing expertise of Motley Fool co-founder David Gardner, who has proved skeptics wrong, time, and time, and time again, with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently, one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2829693, ~/Articles/ArticleHandler.aspx, 8/21/2014 12:28:32 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement