Long Position on LSCC @ $21.00 on 9/10/2019 (Momentum)

Lattice Semiconductor Corporation (LSCC) develops and sells semiconductor technologies in Asia, Europe, and the Americas.

The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

It also provides video connectivity application specific standard products, such as port processors, port controllers, video processors, transmitters, receivers, bridges, and converters for use in mobile phones, UHD TVs, home theater systems, HDMI cable extenders, automotive infotainment, PCs, accessories, projectors, and monitors.

In addition, the company licenses its technology portfolio through standard IP and IP core licensing, patent monetization, and IP services. Lattice Semiconductor Corporation sells its products directly to end customers; and indirectly through a network of independent manufacturers' representatives and independent distributors. The company primarily serves original equipment manufacturers in the communications and computing, mobile and consumer, and industrial and automotive end markets. 

On July 30th, Lattice Semicond (LSCC) reported 2nd Quarter June 2019 earnings of $0.15 per share on revenue of $102.3 million. The consensus earnings estimate was $0.11 per share on revenue of $100.0 million. Revenue fell 0.4% compared to the same quarter a year ago.

The company said it expects third quarter revenue of $101.0 million to $105.0 million. The current consensus revenue estimate is $101.1 million for the quarter ending September 30, 2019. Since then, shares have formed a bullish "flag" and higher share prices are expected for this stock.

Enry Point: $21.00

Trading Range: $5.38 - $20.90

Stop Loss: $19.80

Target Price: $23.10

Updates

12/9/2019 10:38:15 AM

LSCC closed at $19.00

Position closed on 12/9/2019 at price of $19.00 with a -9.52% loss in 90 days.

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