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Lattice Semi price target raised after Q3 beats, AMD's Xilinx acquisition

Oct. 28, 2020 8:15 AM ETLattice Semiconductor Corporation (LSCC) StockLSCCBy: Brandy Betz, SA News Editor
  • After yesterday's Q3 beats, Cowen maintains an Outperform rating on Lattice Semiconductor (NASDAQ:LSCC) and raises the price target from $36 to $39.
  • Analyst Matthew Ramsay says the company "printed another beat/raise quarter despite a difficult environment and the Huawei sales ban."
  • Ramsay says the Nexus product rollout remains on track "with the first products beginning to layer into the model ahead of a sharper 2021 inflection."
  • With Xilinx purchased by AMD for $35B, Ramsay notes that LSCC is now the only scaled independent programmable logic company.
  • Lattice shares are down 0.6% pre-market to $34.10.
  • Previously: Lattice Semiconductor beats estimates, guides Q4 in-line (Oct. 28 2020)
  • Previously: Advanced Micro Devices to acquire Xilinx in $35B all-stock deal (Oct. 27 2020)

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