Lattice Semiconductor initiated with a Buy at Loop Capital

Loop Capital initiated coverage of Lattice Semiconductor (LSCC) with a Buy rating and $85 price target Lattice is a significant share gainer in the programmable logic integrated circuit market, driven by the company’s expanding into the mid-size field programmable gate array market and disruption at one of the leading FPGA vendors, the analyst tells investors in a research note. The firm also sees a margin improvement story driven by a greater mix of Lattice FPGAs shipping with system-level software and the recently streamlined operating expense structure.