In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Buy rating on Lattice Semicon (LSCC), with a price target of $14.50. The company’s shares closed on Friday at $12.78, close to its 52-week high of $13.58.
Mosesmann noted:
“We expect management will call for slight sequential sales growth for 2Q19 driven by Communications/Computing and Industrial/Automotive offset by weakness in Mobile/ Consumer.”
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 13.0% and a 59.7% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Inphi Corp, and Microchip.
Currently, the analyst consensus on Lattice Semicon is a Strong Buy with an average price target of $12.20.
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The company has a one-year high of $13.58 and a one-year low of $5.29. Currently, Lattice Semicon has an average volume of 2.1M.
Based on the recent corporate insider activity of 38 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.
