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Lattice Semiconductor Faces Continued Demand Headwinds But 3 Analysts Are Optimistic

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Shares of Lattice Semiconductor Corp (NASDAQ:LSCC) declined by 6.45% to $71.90 at last check on Tuesday after the company reported its first-quarter results.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.

  • Benchmark analyst David Williams reiterated a Buy rating, while raising the price target from $80 to $85.
  • Stifel analyst Ruben Roy maintained a Hold rating and price target of $87.
  • KeyBanc Capital Markets analyst John Vinh reaffirmed an Overweight rating and price target of $85.

Check out other analyst stock ratings.

Benchmark: “We think the company’s strategy and positioning is enabling the firm to navigate the downturn, outperforming peers by a wide margin as demonstrated by the 17% YoY revenue decline in 1Q vs Altera’s 58%,” Williams said in a note.

Lattice Semiconductor guided to revenues of $130 million at the …

Full story available on Benzinga.com

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