In a report released today, Tristan Gerra from Robert W. Baird maintained a Buy rating on Lattice Semicon (LSCC), with a price target of $10. The company’s shares opened today at $11.93, close to its 52-week high of $12.50.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 18.0% and a 65.4% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Stmicroelectronics NV, and Skyworks Solutions.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lattice Semicon with a $12.20 average price target, representing a 2.3% upside. In a report issued on February 21, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $15 price target.
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The company has a one-year high of $12.50 and a one-year low of $5.05. Currently, Lattice Semicon has an average volume of 1.93M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Last month, 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. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets.
