Description
This is our first report on Lattice Semiconductor. The company delivered impressive results in the third quarter, with an all-around beat and a quarterly revenue growth of 31% year over year. The company saw the expansion of its current product line and is will see its newest FPGA platform, Lattice Avant, to go live on December 5th 2022. Their addressable market is anticipated to increase by double digits thanks to Avant, which will also open up fresh revenue streams for Lattice. During the quarter, they introduced a CertusPro-NX family member with market-leading power efficiency performance and a compact form factor for the automotive sector. The management continues to regard the automotive business as a long-term company growth source. Furthermore, this new product built on their Nexus platform complements other solutions tailored for this industry. Over the past few years, they have increased their investments in their software portfolio to simplify the adoption of Lattice products by their customers and hasten their time to market. Overall, we initiate coverage on the stock of Lattice Semiconductor Corporation with a ‘Hold’ rating.
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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