LSCC - Deutsche Bank Sees Attractive Entry Point In Lattice Semiconductor Initiates With Buy And $70 Target | Benzinga
Deutsche Bank initiated coverage on the shares of Lattice Semiconductor Corp (NASDAQ: LSCC) with a Buy rating and announced a price target of $70.
Founded in 1983 and publicly traded since 1989, LSCC specializes in the design of field programmable gate arrays (FPGAs).
While larger FPGA makers like Altera and Xilinx focus on the high power/high ASP/low volume market, LSCC has historically focused on low power/lower ASP/high volume small FPGAs, notes the analyst.
LSCC products serve the Industrial and Automotive (~58% of FY23E sales), Communications and Computing (~36% ...