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 (LSCC -2.05%) 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.