Thu Sep 19 06:23:10 UTC 2024: ## Lattice Semiconductor Stock Upgraded to “Buy” by Stifel Nicolaus

**Portland, OR – September 19, 2024** – Lattice Semiconductor (NASDAQ:LSCC) received a positive boost today as Stifel Nicolaus upgraded the semiconductor company’s stock rating from “hold” to “buy,” with a price target of $55.00. This represents a potential upside of 5.63% from the company’s current price.

The upgrade comes amidst a flurry of analyst activity surrounding LSCC. Benchmark maintains a “buy” rating with a $60.00 target price, while Rosenblatt Securities reaffirms a “buy” with a $85.00 price objective. Other analysts, however, offer a more cautious outlook. Susquehanna cut their target price from $85.00 to $65.00 while maintaining a “positive” rating, and KeyCorp lowered their price target from $85.00 to $60.00 with an “overweight” rating.

Despite the mixed opinions, the overall consensus from analysts remains positive. MarketBeat.com data indicates an average rating of “Moderate Buy” with an average price target of $63.08.

Lattice Semiconductor’s recent earnings report on July 29th showed a miss on analysts’ expectations, with EPS of $0.23 compared to the anticipated $0.24. Revenue also fell short of estimates, reaching $124.08 million against an expected $130.17 million.

While the recent earnings report was underwhelming, Stifel Nicolaus’ upgrade suggests a belief in the company’s future prospects. The move reflects the growing sentiment amongst investors that Lattice Semiconductor is well-positioned to benefit from continued growth in the semiconductor industry.

**Insider Trading Activity**

The recent insider trading activity might offer some insights into the company’s direction. CFO Sherri R. Luther sold 20,632 shares of the company’s stock for a total of $1,008,698.48, while SVP Mark Jon Nelson sold 1,232 shares for $60,343.36. It’s important to note that insider trading activities can be influenced by various factors and don’t necessarily reflect the company’s future performance.

**Institutional Investor Interest**

Institutional investors and hedge funds continue to show interest in LSCC. Franklin Resources Inc. increased its position in the company by 43.5%, while Norges Bank acquired a new position in shares of Lattice Semiconductor during the fourth quarter.

**Looking Ahead**

Lattice Semiconductor remains a company to watch. Analysts predict that the company will post 0.59 earnings per share for the current year. Investors will be closely monitoring the company’s upcoming earnings releases and the broader semiconductor market trends to gauge its future performance.

**Disclaimer:** This article is for informational purposes only and should not be considered investment advice. It is essential to conduct thorough research and consult with a qualified financial professional before making any investment decisions.

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