On August 18, Lattice Semiconductor fell 5.4% in regular trading, trading at $126.355/share, with turnover of $16.94 million.
On the news front, the semiconductor sector experienced a systemic sell-off, with peers Intel down 6.79%, Micron Technology down 5.22%, Advanced Micro Devices down 5.04%, Broadcom down 3.42%, and NVIDIA down 2.31%, dragging down individual stock performance. Additionally, the company disclosed two insider selling transactions on August 17, with executives Desale Pravin and Shaikh Erhaan selling 593 and 691 shares respectively at approximately $130.46 per share.
The decline was further amplified by profit-taking pressure following the stock's over 5% surge the previous trading day, as well as a global bond yield spike — with the US 30-year Treasury yield reaching 5.3242%, its highest level since 2007 — triggering broad risk-asset selling. The company had previously reported Q2 adjusted EPS of $0.53, beating the $0.44 consensus by 20.45%, with rapid short-term gains creating technical correction demand.
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