The IBD SmartSelect Composite Rating for Lattice Semiconductor rose from 94 to 96 Wednesday.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Lattice Semiconductor is edging closer to a $85.45 pivot from a year-long consolidation pattern. It is also showing a MarketSmith Blue Dot, signaling an RS Line new high.
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The stock has a 99 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 71% earnings growth. Sales growth climbed 31%, up from 28% in the prior report. That marks one quarter of accelerating revenue increases.
Lattice Semiconductor earns the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. Impinj and Broadcom are also among the group's highest-rated stocks.
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