Lattice Semiconductor: Macro Headwinds Catching Up, These Analysts Charge Into Q3 Print, Q4 Guide
Portfolio Pulse from Priya Nigam
Lattice Semiconductor Corp (NASDAQ:LSCC) reported its Q3 results, which were in line with expectations, but lowered its Q4 guidance due to softening demand in comm infra, industrial, and automotive end markets. This was offset by improving demand in traditional and AI servers. Analysts from KeyBanc Capital Markets, Stifel, Needham, Susquehanna, and Benchmark have all reduced their price targets for LSCC, while maintaining their ratings. LSCC shares declined by 16.01% to $56.52.
October 31, 2023 | 4:23 pm
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Lattice Semiconductor's Q3 results were in line with expectations, but the company lowered its Q4 guidance. This led to a reduction in price targets by several analysts and a 16.01% decline in share price.
The company's lowered Q4 guidance indicates potential challenges in the near future, which has led to a negative reaction from the market and analysts. This is reflected in the reduced price targets and the significant drop in share price.
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