Stifel lowered the firm’s price target on Lattice Semiconductor to $70 from $82 and keeps a Hold rating on the shares following Q4 guidance that was weaker than expected. Towards the end of Q3, demand for products slated for Industrial and Automotive end market applications weakened, said Lattice, which is a trend that the company expects to continue into Q4. The analyst believes this downtick is “likely to last more than one quarter,” consistent with other broad-based semiconductor suppliers.
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Read More on LSCC:
- Lattice Semiconductor (NASDAQ:LSCC) Plunges on Soft Q4 Outlook
- Lattice Semiconductor price target lowered to $75 from $95 at Susquehanna
- Lattice Semiconductor price target lowered to $80 from $110 at KeyBanc
- Lattice Semiconductor sees Q4 revenue $166M-$186M, consensus $195.81M
- Lattice Semiconductor reports Q3 adjusted EPS 48c, consensus 52c