Core Insights - Qualcomm Technologies Inc. and Advanced Micro Devices, Inc. are leading firms in the semiconductor industry, focusing on mobile, PC, and data center markets, with an emphasis on AI and advanced chip technologies [2][4] - Qualcomm is transitioning from a wireless communications firm to a connected processor company, leveraging its extensive intellectual property portfolio [5][6] - AMD has evolved from a consumer-PC chip provider to an enterprise-focused company, bolstered by its acquisition of Xilinx and the introduction of new products [3][10] Qualcomm's Position - Qualcomm is well-positioned for long-term revenue growth, driven by strong 5G traction and a diversified revenue stream [5] - The company is expanding its Snapdragon chipsets for AI PCs and gaming, aiming to reduce reliance on the slowing smartphone market [6][9] - Despite its advancements, Qualcomm faces stiff competition from Intel in the AI PC market and from Samsung and MediaTek in the smartphone sector [7] AMD's Position - AMD is benefiting from rising demand for its EPYC processors and strong enterprise adoption, particularly in cloud deployments and AI applications [11] - The company is expanding its AI market presence with new products like the MI350 series and is seeing strong demand across various sectors [10][11] - AMD faces competition from Intel in traditional computing and from NVIDIA in the GPU market, but has had success in the mobile segment [12] Financial Performance - Qualcomm's fiscal 2026 sales and EPS estimates suggest modest growth of 2.7% and 1%, respectively, with positive trends in EPS revisions [13] - In contrast, AMD's 2025 sales estimates indicate a significant growth of 31.6%, with EPS expected to rise by 19.6%, although EPS estimates have been trending downward [14] - Over the past year, Qualcomm's stock has gained only 0.6%, while AMD has surged by 84.2%, indicating a stronger market performance for AMD [16] Valuation Metrics - Qualcomm appears more attractive from a valuation perspective, with a price/earnings ratio of 13.46 compared to AMD's 34.67 [17] - Both companies are rated with a Zacks Rank of 3 (Hold), but Qualcomm's lower valuation may provide a slight edge as a better investment option [18][19]

Core Insights - Paloma Partners Management has completely exited its position in Lattice Semiconductor, selling 200,000 shares valued at $9.8 million as of November 14 [1][2]. Company Overview - Lattice Semiconductor specializes in developing and selling programmable logic devices, particularly focusing on FPGAs and related solutions for various end markets [4][8]. - The company serves original equipment manufacturers (OEMs) across communications, computing, consumer, industrial, and automotive sectors globally [4][8]. Financial Performance - As of November 14, Lattice Semiconductor's stock price was $64.18, reflecting a 26.8% increase over the past year, outperforming the S&P 500 by 12.1 percentage points [7]. - The company's market capitalization stands at $8.8 billion, with a trailing twelve months (TTM) revenue of $494.9 million and a net income of $27.2 million [3]. Investment Performance - Lattice Semiconductor's stock has returned 39.2% year-to-date through December 5, surpassing the S&P 500's return of 18.2% and the Nasdaq Composite's return of 22.8% [5]. - The exit from Lattice Semiconductor by Paloma Partners suggests a potential missed opportunity, as the stock has continued to trade at higher levels post-September 30 [5].