Up Over 300% Since the Start of 2019, Is Lattice Semiconductor a Buy?
It's been nearly two years since Lattice Semiconductor (NASDAQ: LSCC) CEO Jim Anderson took the reins, after leading AMD's (NASDAQ: AMD) Computing and Graphics segment for a few years. The results have been noteworthy. The stock has soared over 300% since the start of 2019, reflecting a refocusing on the company's core semiconductor portfolio and the resulting resurgence in profitability.
It's true Lattice has gotten some external help. New computing power requirements for data centers, industrial equipment, and 5G mobile network construction have boosted demand for the small chip designer's field-programmable gate arrays (FPGAs). But there are plenty of other semiconductor companies that haven't executed nearly as well amid a U.S.-China trade war and now the coronavirus.
Some of the company's customers have tapped the brakes this year due to pandemic-related issues, and there will be challenges ahead. Nevertheless, there could be plenty left in the tank for this small chip stock in the coming decade.
Source Fool.com
