Lattice Semiconductor Stock (NASDAQ: LSCC)

Lattice Semiconductor Stock (NASDAQ:LSCC), Trade Ideas

Lattice Semiconductor

Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses. The company reaches its customers through consumer, communications, and industrial markets. The company has one operating segment namely the core Lattice business that includes silicon-based and silicon-enabling products, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. The products of the company are offered globally; and, the majority of sales are derived from customers in Asia.

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LSCC

Advanced Micro Devices shares are trading marginally lower Tuesday. Shares of semiconductor stocks are trading lower following weak guidance from Lattice Semiconductor.

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Shares of Lattice Semiconductor Corp (NASDAQ: LSCC) recovered slightly in early trading on Tuesday, after the company reported mixed results for the four

Will Lattice Semiconductor Continue Facing Soft Demand? 4 Analysts Examine Q4 Outlook

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Lattice Semiconductor reported mixed Q4 results, revenue missed consensus, EPS beat. Despite near-term cyclical industry headwinds, the company said it continues to be well positioned for the long-term with a rapidly expanding product portfolio and strong customer momentum.

What&#39;s Going On With Lattice Semiconductor Shares Today?

Lattice Semiconductor Corporation - Common Stock

Lattice Semiconductor Corp

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Shares of semiconductor stocks are trading lower. The sector may be down in sympathy with ASML, which reported worse-than-expected Q1 financial results.

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Shares of semiconductor companies are trading lower amid overall market weakness. Some stocks in the sector have also been under pressure on reports suggesting China has told telecom carriers to phase out foreign chips.

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Shares of broader technology stocks are trading lower as Treasury yields rise following hotter-than-expected March inflation data.

<p>Through this enhanced collaboration, the companies will focus on bringing functional safety capabilities to customers developing safety-critical Automotive and Industrial applications.</p>


Lattice Semiconductor Expands Partnership With NewTec To Focus On Delivering Flexible, Scalable, And Easy-To-Implement Functional Safety Solutions

<p>Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) has outperformed the market over the past 15 years by 16.28% on an annualized basis producing an average annual return of 29.02%. Currently, Lattice Semiconductor has a market capitalization of $10.11 billion. </p>
<p><strong>Buying $100 In LSCC:</strong> If an investor had bought $100 of LSCC stock 15 years ago, it would be worth <strong>$5,028.19</strong> today based on a price of $73.52 for LSCC at the time of writing.</p>
<h3>Lattice Semiconductor's Performance Over Last 15 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712152840_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Trading Ideas

Here's How Much You Would Have Made Owning Lattice Semiconductor Stock In The Last 15 Years

NXPI

Shares of semiconductor stocks are trading lower amid weakness in tech as Treasury yields rise.

<p><strong>Lattice Semiconductor's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NYSE">LSCC</a>) short percent of float has risen 4.03% since its last report. The company recently reported that it has <strong>13.14 million shares sold short</strong>, which is 12.65% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 6.79 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Lattice Semiconductor Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712065517_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Lattice Semiconductor has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Lattice Semiconductor's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lattice Semiconductor's peer group average for short interest as a percentage of float is 3.86%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

(LSCC) - Analyzing Lattice Semiconductor's Short Interest

QCOM

SMCI

Shares of semiconductor stocks are trading higher in sympathy with Micron, which reported better-than-expected Q2 financial results and issued strong Q3 guidance.

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QRVO

Shares of semiconductor stock are trading lower as the sector pulls back from recent strength following a larger-than-expected rise in Feb, PPI.

Shares of semiconductor stocks are trading lower. The sector has been volatile amid AI momentum.

<p>Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) has outperformed the market over the past 5 years by 32.33% on an annualized basis producing an average annual return of 45.3%. Currently, Lattice Semiconductor has a market capitalization of $11.52 billion. </p>
<p><strong>Buying $100 In LSCC:</strong> If an investor had bought $100 of LSCC stock 5 years ago, it would be worth <strong>$633.23</strong> today based on a price of $83.77 for LSCC at the time of writing.</p>
<h3>Lattice Semiconductor's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709920813_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$100 Invested In This Stock 5 Years Ago Would Be Worth $600 Today

AOSL

Shares of semiconductor stocks are trading higher as the sector continues to gain amid AI momentum. Broadcom will report Q1 earnings after market close today. Additionally, some stocks in the sector may be gaining in anticipation of CHIPS act subsidies.

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Shares of semiconductor stocks are trading higher as the sector rebound after falling on Tuesday.

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Shares of companies in the broader tech and software sector are trading lower. The sector may be down amid weakness in Apple and GitLab with a possible industry pullback following a recent surge in AI-related names.

Shares of semiconductor stocks are trading higher amid overall tech sector strength as well as continued AI momentum.

<p><i>— Adds efficient PCIe&#xAE; to JESD interface bridge to enable low power acceleration for 5G datapath applications —</i></p>
<p><a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.latticesemi.com%2F&amp;esheet=53900287&amp;newsitemid=20240226568576&amp;lan=en-US&amp;anchor=Lattice+Semiconductor&amp;index=1&amp;md5=10899e53b96b17deaa280f1d3ed66a27">Lattice Semiconductor</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), the low power programmable leader, today announced its latest updates of the Lattice ORAN&#x2122; solution stack, enabling integrated 5G small cells with low power and flexible bridging capabilities. With the new updates, Lattice introduced a new 5G datapath reference design for outdoor integrated radio applications to help customers advance their next gen wireless infrastructure for smart factories, smart cities, smart cars, and more.</p>
<p>"The growing 5G small cell market is fueling a need for programmable, low power, and low latency solutions," said Matt Dobrodziej, Corporate Vice President of Segment Marketing and Business Development at Lattice Semiconductor. "The latest Lattice ORAN solution stack incorporates important new features and capabilities to help telecom customers create and rapidly deploy secure, power efficient, and performance-optimized 5G small cell solutions that can easily adapt as standards continue to evolve."</p>
<p>The Lattice ORAN solution stack is designed to accelerate the deployment of secure, adaptable, Open Radio Access Network (ORAN) systems and applications. The latest Lattice ORAN solution stack (version 1.2) adds the following features and capabilities:</p>
<ul>
<li>PCIe&#xAE; Gen3 x4 to JESD204B x4 interface bridging</li>
<li>4T4R supporting 100 MHz IBW (Instantaneous Bandwidth)/OBW (Occupied Bandwidth) on mid-power RF (Radio Frequency) amplifier</li>
<li>A new 5G datapath reference design for outdoor integrated radio applications, compliant with O-RAN Option 0 split</li>
</ul>
<p><strong>See Live Demonstrations at Mobile World Congress Barcelona 2024</strong></p>
<p>The latest Lattice ORAN solution stack enabling 5G small cell, ORAN designs, security and timing solutions, post quantum crypto, and hardware security capabilities will be on display with Lattice ecosystem partners at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mwcbarcelona.com%2F&amp;esheet=53900287&amp;newsitemid=20240226568576&amp;lan=en-US&amp;anchor=Mobile+World+Congress&amp;index=2&amp;md5=a51817f700adc6675c1d801460c068b4">Mobile World Congress</a> to be held Feb. 26-29, 2024 in Barcelona. Visit Lattice's exhibit at the Fira Gran Via, Hall 3, Room #3O40MR to experience and discover innovative low power FPGA solutions.</p>
<p>For more information about the technologies mentioned above, please visit:</p>
<ul>
<li><a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.latticesemi.com%2FLattice-ORAN&amp;esheet=53900287&amp;newsitemid=20240226568576&amp;lan=en-US&amp;anchor=Lattice+ORAN+Solution+Stack&amp;index=3&amp;md5=7619852c5935bcae1c09dab72d43ef6a">Lattice ORAN Solution Stack</a></li>
</ul>


Lattice Extends ORAN Solution Stack With Integrated 5G Small Cell Bridging Capabilities Enabling Next Gen Wireless Infrastructure

<p>Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) has outperformed the market over the past 5 years by 30.72% on an annualized basis producing an average annual return of 42.84%. Currently, Lattice Semiconductor has a market capitalization of $9.81 billion. </p>
<p><strong>Buying $1000 In LSCC:</strong> If an investor had bought $1000 of LSCC stock 5 years ago, it would be worth <strong>$5,830.23</strong> today based on a price of $71.29 for LSCC at the time of writing.</p>
<h3>Lattice Semiconductor's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708538419_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$1000 Invested In Lattice Semiconductor 5 Years Ago Would Be Worth This Much Today

AEHR

Shares of semiconductor stocks are trading higher amid a rebound in tech.

<p>Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) has outperformed the market over the past 5 years by 33.28% on an annualized basis producing an average annual return of 45.61%. Currently, Lattice Semiconductor has a market capitalization of $10.03 billion. </p>
<p><strong>Buying $100 In LSCC:</strong> If an investor had bought $100 of LSCC stock 5 years ago, it would be worth <strong>$654.50</strong> today based on a price of $72.67 for LSCC at the time of writing.</p>
<h3>Lattice Semiconductor's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707919226_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $100 In This Stock 5 Years Ago, You Would Have $700 Today

<p><strong>Advanced Micro Devices, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares are trading marginally lower by 0.55% to $170.96 during Tuesday's session and off the session low of $164.30. Shares of semiconductor stocks are trading lower following weak guidance from <strong><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37096414/will-lattice-semiconductor-continue-facing-soft-demand-4-analysts-examine-q4-outloo">Lattice Semiconductor</a></strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>).</p>
<p>The overall tech sector is also lower following worse-than-expected US inflation data. Stocks across sectors are also falling after inflation for January 2024 dipped slightly but missed <a href="https://www.benzinga.com/news/econ-s/24/02/37092707/us-inflation-rate-runs-hot-in-january-puts-fed-rate-cut-bets-in-jeopardy">economists' forecasts</a>.</p>
<p>In the latest report, the annual Consumer Price Index (CPI) inflation rate dropped to 3.1% from 3.4%, although it was higher than the anticipated 2.9%. Monthly CPI rose by 0.3%, exceeding the expected 0.2% increase. Core CPI, which excludes food and energy prices, remained unchanged at 3.8%, contrary to the expected decrease to 3.7%…<a href="https://www.benzinga.com/news/econ-s/24/02/37092707/us-inflation-rate-runs-hot-in-january-puts-fed-rate-cut-bets-in-jeopardy"><em>Read More</em></a></p>
<h2 class="wp-block-heading">Why This Matters</h2>
<p>As economists were forecasting a greater decline in the inflation rate compared to what actually occurred, it suggests that the economy might not be performing as well as expected. Investors often react negatively to unexpected deviations from forecasts because it can signal uncertainty and potentially slower economic growth. This uncertainty could lead investors to sell off stocks, including AMD.</p>
<p>Although the inflation rate decreased, it still remained relatively high at 3.1%. High inflation can negatively impact companies like AMD because it increases their costs of production (e.g., higher input costs like materials and labor). If investors perceive inflation to remain a significant concern, they may anticipate that AMD&#8217;s profitability could be affected, prompting them to sell off the stock.</p>
<p><em>See Also: <a href="https://www.benzinga.com/startups/24/02/37097064/snapchat-previously-rejected-mark-zuckerbergs-3b-buyout-now-abysmal-earnings-worry-investors-that-me">Snapchat Previously Rejected Mark Zuckerberg's $3B Buyout</a></em></p>
<h2 class="wp-block-heading">Is AMD A Good Stock To Buy?</h2>
<p>An investor or trader's decision to buy or sell a stock is unique to their time horizon and risk tolerance. Many typical investors evaluate earnings growth and valuation on a particular stock before making a decision. </p>
<p>For example, for Advanced Micro Devices, you'll notice that earnings in its last quarter grew 0.0% <a href="https://www.benzinga.com/quote/AMD/earnings">source</a>. As an investor, you'll want to decide whether that's better or worse than what you'd like to see among stocks in your portfolio. </p>
<p>On the valuation side, Advanced Micro Devices's price to earnings ratio &#8211; a measure of how much an investor pays for the company's earnings &#8211; is grown 39.08% in the current quarter when compared with last year. That places it above similar businesses NVIDIA, Taiwan Semiconductor, Broadcom in its sector. You'll need to decide whether that makes it more or less attractive based on how you think the company will perform over time.</p>
<p>There are many different valuation metrics that may help you make a decision. Find more on <a href="https://www.benzinga.com/quote/AMD">Advanced Micro Devices's quote page</a>, or if you'd like a deeper dive in an advanced program, try <a href="https://pro.benzinga.com">Benzinga PRO</a> for free.</p>
<p>AMD has a 52-week high of $184.92 and a 52-week low of $75.92.</p>


What's Going On With AMD Stock?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With patience, undervalued <a href="https://investorplace.com/industries/technology/semiconductor/">semiconductor stocks</a> could easily race to higher highs.</p>



<p>Just look at&nbsp;<strong>Nvidia</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>), for example. Since the start of 2023, the tech giant ran from a low of about $150 to a high of $974.&nbsp;<strong>Advanced Micro Devices</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/"><strong>AMD</strong></a>) ran from about $110 to $227. </p>



<p>And now &mdash; surprise, surprise &mdash; they&rsquo;re pulling back on stretched valuations, and as ridiculous bouts of greed give way to fear. At the same time, I don&rsquo;t expect the pullbacks to last long at all. With growing, explosive demand for semiconductors, I still believe Nvidia and Advanced Micro could race to higher highs along with some of the less-crowded, undervalued semiconductor names.</p>



<p>We also have to consider that with growing demand, the global semiconductor market could be&nbsp;<a href="https://www.fortunebusinessinsights.com/semiconductor-market-102365">worth nearly $1.4 trillion from $527.9 billion in 2021</a>, as noted by Fortune Business Insights. Plus, demand isn&rsquo;t slowing. Instead, industry giants, like&nbsp;<strong>Taiwan Semiconductor</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/"><strong>TSM</strong></a>) are increasing production as demand grows. </p>



<p>That being said, I&rsquo;d use weakness as an opportunity for buying the big leaguers as well as some of the most undervalued semiconductor stocks, including:</p>



<h2><strong>Aehr Test Systems (AEHR)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600d-300x169.jpg" alt="a machine manufactures semiconductor chips in a factory setting. AI Semiconductor Stocks"><div>Source: Shutterstock</div></div><p>One of the most undervalued semiconductor stocks,&nbsp;<strong>Aehr Test Systems</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aehr-stock-quote/"><strong>AEHR</strong></a>) is a global provider of test systems for burning-in and testing logic, optical and memory integrated circuits.&nbsp;</p>



<p>For quite some time, AEHR benefited by providing testing equipment and services for the electric vehicle market. And as demand for EVs accelerated, so did AEHR stock. Unfortunately, with slowing EV sales growth, shares plummeted from about $50 to less than $16.22 a share. But don&rsquo;t count the stock out just yet.</p>



<p>For one, when the Federal Reserve does start to cut interest rates, we could see a resurgence of EV sales. That could benefit AEHR.&nbsp;</p>



<p>Two,&nbsp;<a href="https://www.bloomberg.com/news/newsletters/2024-01-09/electric-vehicle-market-looks-headed-for-22-growth-this-year">according to Bloomberg</a>, the EV market could see about 22% growth this year, noting. &ldquo;We expect global passenger EV sales &mdash; battery-electrics and plug-in hybrids &mdash; to increase 21% in 2024 to 16.7 million, with 70% of those being fully electric.&rdquo;&nbsp;</p>



<p>And last, while the company did reduce guidance earlier this year, &ldquo;AEHR remains confident about its long-term prospects and about the future demand for its solutions. The company has maintained its long-term growth expectations and sees a huge opportunity ahead of it,&rdquo;&nbsp;<a href="https://seekingalpha.com/article/4671095-aehr-test-systems-this-is-the-time-to-buy">as noted by Seeking Alpha</a>.</p>



<h2><strong>Lattice Semiconductor (LSCC)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/computerchip1600-300x169.jpg" alt="a computer chip. Chip Stocks to Buy Now"><div>Source: Shutterstock</div></div><p>Next up on this list of undervalued semiconductor stocks is&nbsp;<strong>Lattice Semiconductor</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lscc-stock-quote/"><strong>LSCC</strong></a>).</p>



<p>For one, Lattice focuses on<strong>&nbsp;</strong>field programmable gate arrays, or FPGAs, which are under heavy demand. So much so, that there have been multiple FPGA acquisitions. Among them is AMD&rsquo;s acquisition of Xilinx back in 2022,&nbsp;<a href="https://www.fool.com/investing/2023/04/10/1-hot-amd-and-intel-competitor-up-nearly-40-in-202/">as noted by Motley Fool contributors</a>.&nbsp;</p>



<p>Two, while the company has been dealing with oversupply issues, it expects for conditions to&nbsp;<a href="https://www.fool.com/investing/2024/02/24/is-1-small-chip-stock-better-than-amd-and-intel/">improve in the second half of the year</a> as customer inventories return to normal. Three,&nbsp;CEO James Anderson believes LSCC will remain profitable in coming quarters.</p>



<p>Helping, late last year,&nbsp;Deutsche Bank <a href="https://seekingalpha.com/news/4041744-lattice-semiconductor-initiated-buy-rating-deutsche-bank">initiated coverage</a> of LSCC with a buy rating, with a $70 price target. &ldquo;In the near-term, Lattice is unlikely to stave off cyclical headwinds facing the broader industry, but any downside is likely already priced into shares,&rdquo; said the firm, as noted by Seeking Alpha.</p>



<p>In addition, LSCC authorized a&nbsp;<a href="https://seekingalpha.com/news/4041989-lattice-semiconductor-expands-stock-repurchase-program-with-new-250m-authorization">$250 million share buyback program</a>&nbsp;through the end of December 2024. So while LSCC stock recently ran from about $55 to $80, I believe it could retest $98 as it rights the ship.</p>



<h2><strong>Direxion Daily Semiconductor Bull 3x Shares (SOXL)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/risk-high-risk-300x169.jpg" alt="Button with the word risk pointing between medium and high level, 3D render suitable for risk management or decision-making process situation. represents risk tolerance"><div>Source: Shutterstock</div></div><p>With the latest pullback in semiconductor stocks likely to be short-lived, we can also take advantage of weakness by using an ETF such as the&nbsp;<strong>Direxion Daily Semiconductor Bull 3x Shares</strong>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/soxl-stock-quote/"><strong>SOXL</strong></a>). With an expense ratio of 0.94%, SOXL seeks daily investment results of 300% of the performance of the <strong>NYSE Semiconductor Index</strong>.&nbsp;Some of the index&rsquo;s top holdings include AMD, Nvidia and&nbsp;<strong>Broadcom</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/"><strong>AVGO</strong></a>).&nbsp;</p>



<p>After bottoming out around $15 in early November, the ETF ran to a high of about $57. It&rsquo;s now trading around $46 with profit-taking in major semiconductor names. But again, I don&rsquo;t expect the pullback to last long with the artificial intelligence boom fueling demand for semiconductors.</p>



<p>But use extreme caution with triple-levered funds like SOXL. These ETFs are looking for 300% returns on a <em>daily</em> basis.&nbsp;They are constantly rebalancing their portfolios. You need acute precision buying and selling this ETF to make any money. The levered ETFs are designed for day traders. Even Direxion says <a href="https://www.direxion.com/product/daily-semiconductor-bull-bear-3x-etfs">they are not for everyone</a>. They &ldquo;should be utilized only by investors who understand leverage risk and who actively manage their investments.&rdquo; Tread carefully here.</p>



<p><em>On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-3-most-undervalued-semiconductor-stocks-to-buy-in-march-2024/">The 3 Most Undervalued Semiconductor Stocks to Buy in March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Semiconductor Stocks to Buy in March 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With patience, undervalued <a href="https://investorplace.com/industries/technology/semiconductor/">semiconductor stocks</a> could easily race to higher highs.</p>



<p>Just look at&nbsp;<strong>Nvidia</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>), for example. Since the start of 2023, the tech giant ran from a low of about $150 to a high of $974.&nbsp;<strong>Advanced Micro Devices</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/"><strong>AMD</strong></a>) ran from about $110 to $227. </p>



<p>And now &mdash; surprise, surprise &mdash; they&rsquo;re pulling back on stretched valuations, and as ridiculous bouts of greed give way to fear. At the same time, I don&rsquo;t expect the pullbacks to last long at all. With growing, explosive demand for semiconductors, I still believe Nvidia and Advanced Micro could race to higher highs along with some of the less-crowded, undervalued semiconductor names.</p>



<p>We also have to consider that with growing demand, the global semiconductor market could be&nbsp;<a href="https://www.fortunebusinessinsights.com/semiconductor-market-102365">worth nearly $1.4 trillion from $527.9 billion in 2021</a>, as noted by Fortune Business Insights. Plus, demand isn&rsquo;t slowing. Instead, industry giants, like&nbsp;<strong>Taiwan Semiconductor</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/"><strong>TSM</strong></a>) are increasing production as demand grows. </p>



<p>That being said, I&rsquo;d use weakness as an opportunity for buying the big leaguers as well as some of the most undervalued semiconductor stocks, including:</p>



<h2><strong>Aehr Test Systems (AEHR)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600d-300x169.jpg" alt="a machine manufactures semiconductor chips in a factory setting. AI Semiconductor Stocks"><div>Source: Shutterstock</div></div><p>One of the most undervalued semiconductor stocks,&nbsp;<strong>Aehr Test Systems</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aehr-stock-quote/"><strong>AEHR</strong></a>) is a global provider of test systems for burning-in and testing logic, optical and memory integrated circuits.&nbsp;</p>



<p>For quite some time, AEHR benefited by providing testing equipment and services for the electric vehicle market. And as demand for EVs accelerated, so did AEHR stock. Unfortunately, with slowing EV sales growth, shares plummeted from about $50 to less than $16.22 a share. But don&rsquo;t count the stock out just yet.</p>



<p>For one, when the Federal Reserve does start to cut interest rates, we could see a resurgence of EV sales. That could benefit AEHR.&nbsp;</p>



<p>Two,&nbsp;<a href="https://www.bloomberg.com/news/newsletters/2024-01-09/electric-vehicle-market-looks-headed-for-22-growth-this-year">according to Bloomberg</a>, the EV market could see about 22% growth this year, noting. &ldquo;We expect global passenger EV sales &mdash; battery-electrics and plug-in hybrids &mdash; to increase 21% in 2024 to 16.7 million, with 70% of those being fully electric.&rdquo;&nbsp;</p>



<p>And last, while the company did reduce guidance earlier this year, &ldquo;AEHR remains confident about its long-term prospects and about the future demand for its solutions. The company has maintained its long-term growth expectations and sees a huge opportunity ahead of it,&rdquo;&nbsp;<a href="https://seekingalpha.com/article/4671095-aehr-test-systems-this-is-the-time-to-buy">as noted by Seeking Alpha</a>.</p>



<h2><strong>Lattice Semiconductor (LSCC)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/computerchip1600-300x169.jpg" alt="a computer chip. Chip Stocks to Buy Now"><div>Source: Shutterstock</div></div><p>Next up on this list of undervalued semiconductor stocks is&nbsp;<strong>Lattice Semiconductor</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lscc-stock-quote/"><strong>LSCC</strong></a>).</p>



<p>For one, Lattice focuses on<strong>&nbsp;</strong>field programmable gate arrays, or FPGAs, which are under heavy demand. So much so, that there have been multiple FPGA acquisitions. Among them is AMD&rsquo;s acquisition of Xilinx back in 2022,&nbsp;<a href="https://www.fool.com/investing/2023/04/10/1-hot-amd-and-intel-competitor-up-nearly-40-in-202/">as noted by Motley Fool contributors</a>.&nbsp;</p>



<p>Two, while the company has been dealing with oversupply issues, it expects for conditions to&nbsp;<a href="https://www.fool.com/investing/2024/02/24/is-1-small-chip-stock-better-than-amd-and-intel/">improve in the second half of the year</a> as customer inventories return to normal. Three,&nbsp;CEO James Anderson believes LSCC will remain profitable in coming quarters.</p>



<p>Helping, late last year,&nbsp;Deutsche Bank <a href="https://seekingalpha.com/news/4041744-lattice-semiconductor-initiated-buy-rating-deutsche-bank">initiated coverage</a> of LSCC with a buy rating, with a $70 price target. &ldquo;In the near-term, Lattice is unlikely to stave off cyclical headwinds facing the broader industry, but any downside is likely already priced into shares,&rdquo; said the firm, as noted by Seeking Alpha.</p>



<p>In addition, LSCC authorized a&nbsp;<a href="https://seekingalpha.com/news/4041989-lattice-semiconductor-expands-stock-repurchase-program-with-new-250m-authorization">$250 million share buyback program</a>&nbsp;through the end of December 2024. So while LSCC stock recently ran from about $55 to $80, I believe it could retest $98 as it rights the ship.</p>



<h2><strong>Direxion Daily Semiconductor Bull 3x Shares (SOXL)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/risk-high-risk-300x169.jpg" alt="Button with the word risk pointing between medium and high level, 3D render suitable for risk management or decision-making process situation. represents risk tolerance"><div>Source: Shutterstock</div></div><p>With the latest pullback in semiconductor stocks likely to be short-lived, we can also take advantage of weakness by using an ETF such as the&nbsp;<strong>Direxion Daily Semiconductor Bull 3x Shares</strong>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/soxl-stock-quote/"><strong>SOXL</strong></a>). With an expense ratio of 0.94%, SOXL seeks daily investment results of 300% of the performance of the <strong>NYSE Semiconductor Index</strong>.&nbsp;Some of the index&rsquo;s top holdings include AMD, Nvidia and&nbsp;<strong>Broadcom</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/"><strong>AVGO</strong></a>).&nbsp;</p>



<p>After bottoming out around $15 in early November, the ETF ran to a high of about $57. It&rsquo;s now trading around $46 with profit-taking in major semiconductor names. But again, I don&rsquo;t expect the pullback to last long with the artificial intelligence boom fueling demand for semiconductors.</p>



<p>But use extreme caution with triple-levered funds like SOXL. These ETFs are looking for 300% returns on a <em>daily</em> basis.&nbsp;They are constantly rebalancing their portfolios. You need acute precision buying and selling this ETF to make any money. The levered ETFs are designed for day traders. Even Direxion says <a href="https://www.direxion.com/product/daily-semiconductor-bull-bear-3x-etfs">they are not for everyone</a>. They &ldquo;should be utilized only by investors who understand leverage risk and who actively manage their investments.&rdquo; Tread carefully here.</p>



<p><em>On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-3-most-undervalued-semiconductor-stocks-to-buy-in-march-2024/">The 3 Most Undervalued Semiconductor Stocks to Buy in March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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