On Wednesday, Lattice Semiconductor stock got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Lattice Semiconductor stock has now climbed above a proper buy zone after breaking out from a 57.70 entry in a flat base. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
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Lattice Semiconductor stock sports a 99 EPS Rating, which means its recent quarterly and longer-term 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 Q2, the chipmaker reported 68% EPS growth. Revenue growth fell to 28%, down from 30% in the previous quarter.
Lattice Semiconductor stock earns the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Monolithic Power Systems is the top-ranked stock within the group. For more industry news, check out "Chip Stocks And Semiconductor Industry News."
