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Investing.com - Needham raised its price target on Lattice Semiconductor (NASDAQ:LSCC) to $80.00 from $70.00 on Monday, maintaining a Buy rating on the semiconductor company’s stock. The stock, currently trading near its 52-week high of $72.75, has shown remarkable momentum with a 12% gain in the past week. According to InvestingPro data, five analysts have recently revised their earnings estimates upward for the upcoming period.
The price target increase follows investor meetings with Lattice’s CEO Ford Tamer and Chief Accounting Officer Tonya Stevens last Thursday, where management outlined the company’s strategy as a comprehensive small and mid-range FPGA platform provider. The company maintains strong financial health with a current ratio of 3.71 and operates with moderate debt levels. InvestingPro analysis indicates the stock is trading at premium valuations, with detailed metrics available in the Pro Research Report.
Lattice is positioning itself across the largest and fastest-growing applications in the field programmable gate array (FPGA) market, with a goal of achieving growth rates exceeding the broader industry.
Management confirmed that inventory in the Industrial and Automotive (I&A) segment should normalize by year-end as point-of-sale trends improve, setting up this segment for potential growth in 2026.
The Communications and Compute segments are expected to continue showing robust growth, primarily driven by increasing demand from AI servers, according to Needham’s research note.
In other recent news, Lattice Semiconductor reported second-quarter results that aligned with expectations, with guidance for the third quarter indicating a slight improvement. The company noted stronger performance in the Communications and Compute segments, which helped offset weaker results in the Industrial and Automotive sectors. Analysts have responded positively to these developments, with Benchmark raising its price target to $75, reflecting confidence in Lattice’s market position and its growing exposure to AI and server markets. KeyBanc has reiterated an Overweight rating with a $70 price target, while Stifel maintained a Buy rating with a $60 target, highlighting the company’s AI growth potential.
Benchmark also reiterated its Buy rating, citing solid execution and record design wins. BofA Securities raised its price target to $52, noting data center strength and a projected 7% sequential sales growth for the third quarter. The management of Lattice Semiconductor expressed optimism about a strong recovery in the latter half of 2025 and into 2026. These recent developments indicate a generally positive outlook from analysts, despite some sector-specific challenges.
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