One company that should be on your radar is Lattice Semiconductor Corporation ( LSCC ).The stock of this company in the Electronic Semiconductor space has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For LSCC's full year estimate, we have seen 3 estimates go higher in the past 30 days with no downward revision over the same time frame. Nonetheless, the trend has helped the consensus estimate to trend higher, increasing from 23 cents per share a month ago to its current level of 29 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, LSCC has seen some pretty solid trading lately, as the company has moved higher by 23.8% in the past month.
If Lattice Semiconductor can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put LSCC on your watch list for the future.
Other top-ranked stocks worth considering in the same space include Integrated Device Technology, Inc. ( IDTI ), Pericom Semiconductor Corp. ( PSEM ) and Ambarella, Inc. ( AMBA ). Both Integrated Device and Pericom Semiconductor carry Zacks Rank #1 (Strong Buy) while Ambarella holds a Zacks Rank #2 (Buy).
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