In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Buy rating on Lattice Semicon (LSCC), with a price target of $15. The company’s shares closed on Friday at $12.33.
Mosesmann said:
“We expect an upbeat event that will emphasize broader penetration and share gains of the company’s FPGA solutions in key communications, computing, industrial, and automotive segments. In particular, AI (footprint in all major server players), 5G (Nokia (NOK: NR) and exposure to most equipment OEMs), and automotive. Note that the FPGA-to-ASIC dynamic that is at the center of the bull/bear case for Xilinx (XLNX: Buy) is mainly a high-end FPGA dynamic (Lattice is a mid-to-low end FPGA player). The BOM cost of a system can greatly benefit from replacing a high-end FPGA ($1Ks per unit) to say a $100 ASIC (assuming you don’t need to change anything going forward, which is not possible in many cases). However, a mid-to-low end FPGA that sells for $15 and is used in a supporting role is usually not part of the displacement to ASIC from FPGA at the high-end.”
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 11.0% and a 55.8% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Inphi Corp, and Microchip.
Lattice Semicon has an analyst consensus of Strong Buy, with a price target consensus of $15.25.
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The company has a one-year high of $14.93 and a one-year low of $5.38. Currently, Lattice Semicon has an average volume of 1.91M.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Byron Wayne Milstead, the VP Corp, General Counsel of LSCC sold 41,911 shares for a total of $515,924.
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Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales.
