Last Updated: 19 Sep 2024
Executive Summary
Lattice Semiconductor Corporation (LSCC) is a leading semiconductor company with a strong track record of innovation and growth. The company's products are used in a wide range of applications, including automotive, industrial, and consumer electronics. LSCC has a strong financial position with a healthy balance sheet and a solid cash flow. The company is well-positioned to continue to grow in the future.
Company Overview
Lattice Semiconductor Corporation is headquartered in Hillsboro, Oregon. The company was founded in 1983 and has been a pioneer in the development of programmable logic devices (PLDs). PLDs are used in a wide range of applications, including automotive, industrial, and consumer electronics. LSCC has a strong portfolio of intellectual property and a team of experienced engineers. The company is committed to providing its customers with high-quality products and services.
Fundamental Analysis
LSCC has a strong financial position. The company has a healthy balance sheet with $452.1 million in cash and equivalents and no debt. LSCC also has a solid cash flow, with $181.7 million in operating cash flow in the past year. The company's revenue and earnings have grown steadily in recent years. In 2023, LSCC reported revenue of $627.7 million and EPS of $1.36.
Technical Analysis
LSCC's stock price has been trading in a range between $40.65 and $87.64 over the past 52 weeks. The stock is currently trading at $52.07, near the middle of its range. The stock's technical indicators are mixed. The RSI is in neutral territory, while the MACD is indicating a sell signal.
Short Term Outlook
LSCC's stock price is likely to continue to trade in a range in the short term. The company's fundamentals are strong, but the stock is currently trading at a premium to its peers. Investors should consider buying LSCC on dips below $50.
Long Term Outlook
LSCC is a well-positioned company with a strong track record of growth. The company's products are used in a wide range of applications, and the demand for PLDs is expected to continue to grow in the future. Investors should consider buying LSCC for the long term.
Analyst Recommendations
Analysts are bullish on LSCC. The consensus price target is $60.79, which represents a 16.7% upside from the current price. Two analysts have a strong buy rating on the stock, eight have a buy rating, three have a hold rating, and one has a sell rating.
