Lattice Semiconductor (NASDAQ:LSCC) raised its first-quarter revenue predictions, stating that sales and orders have been stronger than usual … Lattice Semiconductors Corp. trades on the “NASDAQ” under the Stock Symbol”LSCC”. For the Latest information regarding “LSCC”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Lattice Semiconductor (NASDAQ:LSCC) raised its first-quarter revenue predictions, stating that sales and orders have been stronger than usual. The chipmaker said revenue will grow 21 percent to 25 percent from its fourth-quarter levels, which suggests a total of $66.7 million to $68.9 million. The company previously predicted revenue growth would not exceed 12 percent.
Company shares rose more than 9 percent, or 29 cents, to $3.37 after hitting a 52-week high of $3.47.
About Lattice Semiconductor Corp:
Lattice Semiconductor Corporation engages in the design, development, and marketing of programmable logic products and related software. It offers field programmable gate array (FPGA) products, including LatticeECP family, which is designed for customers who need FPGAs with digital signal processing, and is also used to deploy in wireless infrastructure and wireline access equipment, as well as video and imaging applications; LatticeXP, the non-volatile LatticeXP FPGA family embed a flash memory block on-chip to store the program; and LatticeSC that combines a high performance FPGA fabric with high-speed serial communication channels, large memories, and high-speed IO. The company also offers programmable logic device (PLDs) products consisting of ispMACH4000, an in-system programmable complex programmable logic device (CPLD) family; spMach4000ZE that targets handheld and portable equipment; MachXO family of various non-volatile reconfigurable PLDs, designed for applications implemented using CPLDs; and power manager and ispClock programmable mixed signal devices. Lattice Semiconductor Corporation distributes its products directly to end customers through a network of independent manufacturers representatives, and indirectly through a network of independent distributors. It primarily serves original equipment manufacturers in the communications, computing, consumer, industrial, automotive, medical, and military end markets. The company was founded in 1983 and is headquartered in Hillsboro, Oregon.
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