LSCC - Lattice Semiconductor: Macro Headwinds Catching Up These Analysts Charge Into Q3 Print Q4 Guide | Benzinga
Lattice Semiconductor Corp (NASDAQ: LSCC) tanked in early trading on Tuesday, after the company reported its third-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
KeyBanc Capital Markets On Lattice Semiconductor
Analyst John Vinh maintained an Overweight rating while reducing the price target from $110 to $80.
Although Lattice Semiconductor reported its third-quarter results in line with expectations, it lowered the fourth-quarter guidance, Vinh said in a note.
"LSCC attributed weakness in its outlook to softening demand in comm infra, industrial, and automotive end markets,” which was offset by "improving demand in traditional and AI servers,” the analyst stated.
"Avant remains on track to contribute initial revenues in 4Q and continue to ramp over the next several years,” he added.
Stifel On Lattice Semiconductor
Analyst Ruben Roy reiterated a Hold rating while cutting the price target from $82 to $70.
Macro headwinds are catching up with Lattice Semiconductor, ...