Lattice Semiconductor Corporation (LSCC) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The rise came after the company announced that it has agreed to acquire rival Silicon Image, Inc. (SIMG) in a deal worth about $600 million. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $6.51 to $6.91 over the past one-month time frame.
None of the estimates for this stock were revised in the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Lattice Semiconductor carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
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