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Lattice (OTC:LTTC) Semiconductor Corporation (NASDAQ:LSCC), a $7.32 billion market cap semiconductor company, announced the approval of all board nominees and other proposals during its 2025 Annual Meeting of Stockholders held on May 2, 2025. According to InvestingPro data, the company maintains strong financial health with a "GOOD" overall rating, despite its stock showing considerable volatility over the past year. The meeting saw a strong turnout with 95.74% of the outstanding shares represented.
The nine director nominees were elected to serve a one-year term on the Board of Directors. The voting results varied for each nominee, with Ford Tamer receiving the highest number of votes for, totaling 127,144,654, and James Lederer receiving the lowest number of votes for, at 114,096,695. The results indicate a clear shareholder mandate for the current leadership structure. The company’s solid financial position is reflected in its healthy current ratio of 3.66, indicating strong liquidity to meet short-term obligations.
Additionally, the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending January 3, 2026, was ratified with an overwhelming majority of 131,660,354 votes in favor.
The non-binding advisory vote to approve the compensation of Lattice Semiconductor’s named executive officers also passed. The proposal received 71,099,094 votes for, 56,459,338 against, and 40,347 abstentions, indicating a majority of shareholders agree with the company’s executive compensation plan.
The results of these votes were filed in a Form 8-K with the SEC and are part of the company’s commitment to transparency with its shareholders and the public. No other matters were reported in the filing. The company’s stock, currently trading at $52.46, has experienced a -26.83% return over the past year. InvestingPro analysis suggests the stock is currently overvalued, with 13 additional key insights available to subscribers, including detailed valuation metrics and growth forecasts. For comprehensive analysis, investors can access the full Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Lattice Semiconductor has been the focus of several analyst updates and strategic discussions. KeyBanc Capital Markets maintained its Overweight rating on Lattice Semiconductor, with a price target of $75, citing expected organic revenue growth and potential strategic acquisitions under new executive leadership. CFRA also adjusted its price target for Lattice Semiconductor shares, raising it from $48 to $66, while maintaining a Hold rating. This change was based on a revised earnings per share forecast for 2026 and the company’s solid financial position, despite recent sales declines in certain sectors.
TD Cowen analysts increased their price target for Lattice Semiconductor to $75, maintaining a Buy rating, as the company showed signs of stability in a challenging market. The analysts highlighted Lattice’s ability to navigate inventory challenges and its strong growth potential. Benchmark raised its price target to $65, pointing to record design wins and momentum in the Avant and Nexus product families as key factors. The company’s strategic realignment and cost discipline are seen as positive steps toward improving operational efficiency.
Meanwhile, Lattice Semiconductor has been mentioned in discussions regarding Intel (NASDAQ:INTC)’s Altera unit. KeyBanc suggested that Lattice might consider acquiring Altera, valued between $9 billion and $12 billion by Intel, although Silver Lake Management is currently in exclusive talks for a majority stake. These developments indicate that Lattice Semiconductor is actively exploring strategic growth opportunities while managing current market challenges.
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