Description
Lattice Semiconductor had a solid 2022 and ended the year on a positive note with an all-around beat. The company increased its product portfolio and its core strategic markets for industrial, automotive, communications, and computing had a 28% increase in annual revenue. With the successful launch of their new Lattice Avant mid-range FPGA platform, which doubles the company’s potential market, they continued to diversify their product line. The communications and computing industry also saw full-year revenue growth of 26%. Besides, the industrial and automotive market experienced double-digit growth for the third year as full-year revenue grew by 41%. As the segment expands across numerous applications, including industrial, robotics, automation, and car ADAS systems, the management continues to see this market as a significant long-term growth opportunity for Lattice. During the quarter, they launched five device families based on the Lattice Nexus platform and intend to introduce two more Nexus device families this year. We give Lattice Semiconductor Corporation a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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