![]() ![]() Both segments have continued growing rapidly despite global supply chain disruptions. Lattice usually breaks its revenue down into two key segments: Communications and Computing, and Industrial and Automotive. Indeed, Anderson reported that the accelerated pace of design conversions has been the primary contributor to the strong revenue growth. Customers have been conveying their designs to Lattice to take advantage of the market-leading power efficiency, flexibility and software content that it provides. The prize? Lattice says the lower end of the business is a $3 billion SAM (Serviceable Available Market) by 2022.ĭuring the company’s latest earnings call, CEO Jim Anderson reported that LSCC has been seeing an accelerated pace of its customers converting designs from a competitor’s FPGA or microcontroller to a Lattice FPGA. Rival companies like AMD ( AMD)-owned Xilinx and Intel ( INTC)-owned Altera serve the higher-end with larger power-hungry FPGAs that operate at around 200 watts and 3,000 mm 2. The FPGA maker will now focus on FPGAs in the 1 mW to 1-watt power range and 2 mm 2 to 100 mm 2. Lattice now has a laser focus on low-powered FPGA verticals with high ROIs including 5G, servers, industrial IoT, ADAS (Advanced Driver-Assistance Systems) among others. Over the past three years, Lattice CEO Jim Anderson has continuously reiterated the company’s mission to become the "low power programmable leader," a radical shift from the company’s recent past where it tried to cover many bases including getting into a bunch of only tangentially related businesses such as HDMI and USB-C. However, I remain confident that LSCC can still be profitable for long-term shareholders, especially those who will be able to catch it when it hits bottom. The entire market is reeling from the news, with the S&P 500 down 2.9% in the session. LSCC is down 7.4% on Thursday’s session after the Fed announced a 0.75% rate hike, its biggest since 1994 as it desperately tries to contain sky-high inflation. ![]() To be honest, I had no idea that they had enough gas to power the bull run uninterrupted till the all-time peak, meaning an investor who bought at my recommendation would be sitting on a handsome 138% return after the correction while those who sold around the peak would have realized a nearly 350% return.īut the bull run has now ended spectacularly, and the shares continue to fall with the rest of the market. The company had just brought in key personnel including Jim Anderson, president and CEO, who joined September 2018, Esam Elashmawi, former senior executive at Microsemi who joined as CMO and CSO in September of 2018, Sherri Luther, CFO, who joined in January 2019, Steve Douglass, SVP of R&D, who joined in September of 2018, Mark Nelson who joined as SVP Worldwide Sales in January 2019, and Glenn O’Rourke, senior executive at Xilinx, who joined as SVP Global Operations in December of 2018.Īt that time, I wrote that the company appeared like it had plenty of gas to maintain its crazy run after the shares had rocketed 175% in the space of eight months - as long as the new team executed brilliantly. Not surprisingly, the deep selloff has coincided with the broader semiconductor pullback, with iShares Semiconductor ETF (NASDAQ: SOXX ) declining 35% from its all-time high in December 2021.īack in August 2019, I had penned a bullish article on Lattice in whereby I discussed the company’s transition to primarily a provider of low-cost, small-form-factor FPGA products. 2021 to $45.37 in Thursday’s intraday session. Sundry Photography/iStock Editorial via Getty ImagesĪfter an incredible 3-year run that saw Lattice Semiconductor Corp (NASDAQ: NASDAQ: LSCC) shares soar 1,350%, LSCC stock has gone into a sharp reversal, falling from an all-time high of $84.99 on 15th Nov. ![]()
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