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Investing.com - Benchmark raised its price target on Lattice Semiconductor (NASDAQ:LSCC) to $82.00 from $75.00 on Tuesday, while maintaining a Buy rating on the semiconductor company. Currently trading at $67.03, LSCC shares have delivered impressive returns of 40.34% over the past six months and 28.54% year-to-date, according to InvestingPro data. Analysts remain bullish with a strong consensus recommendation of 1.38 and price targets ranging from $60 to $85.
The research firm cited Lattice’s "solid quarter of execution" with results and guidance largely meeting expectations. Benchmark expressed increasing confidence in the company’s growth trajectory as design wins ramp up and momentum accelerates into 2026.
Lattice’s Communications and Computing segments reached record levels with broad-based strength across end markets, while Industrial and Automotive showed improving demand trends with channel inventory expected to normalize by year-end.
New products continue to gain traction and are on track to exceed high-teens growth targets this year, with potential to surpass 20% in fiscal year 2026. In Computing specifically, momentum is accelerating due to expanding capital expenditure budgets from major cloud providers, rising attach rates, higher ASPs, and share gains in AI servers.
The company’s fourth-quarter outlook reflects 22% year-over-year revenue growth, marking the strongest pace since early 2023, with Benchmark seeing "a comfortable pathway to returning to a 15-20% annualized growth profile next year." This positive outlook comes despite InvestingPro data showing Lattice trades at a substantial premium with a P/E ratio of 319.7 and is currently considered overvalued based on InvestingPro’s Fair Value assessment. The company maintains strong financial health with a current ratio of 3.24 and minimal debt. Discover more insights with the comprehensive Pro Research Report, available for Lattice and 1,400+ other US equities on InvestingPro.
In other recent news, Lattice Semiconductor reported its third-quarter earnings for 2025, which aligned with Wall Street forecasts. The company achieved an earnings per share (EPS) of $0.28 and generated revenue of $133.3 million. These results were consistent with expectations and highlighted the ongoing performance of its Communications & Compute segment. Additionally, Raymond James raised its price target for Lattice Semiconductor from $64 to $80, maintaining an Outperform rating. This adjustment followed the company’s recent financial results and guidance, which were described as being broadly in line with expectations. The increase in the price target indicates confidence in Lattice’s continued strength. These recent developments reflect the company’s stable financial performance and positive outlook from analysts.
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