10 Semiconductor Stocks with Highest Upside Potential Right Now 

8. Lattice Semiconductor Corporation (NASDAQ:LSCC)

Number of Hedge Fund Holders: 33

Upside Potential: 23.8%

Lattice Semiconductor Corporation (NASDAQ:LSCC) is one of the best semiconductor stocks with the highest upside potential right now. Baird lifted the price target on Lattice Semiconductor Corporation (NASDAQ:LSCC) to $135 from $120 on May 7, reaffirming an Outperform rating on the shares. The firm stated that it updated its model after fiscal Q1 results.

Lattice Semiconductor Corporation (NASDAQ:LSCC) also received a rating update from RBC Capital on May 5. The firm lifted the price target on the stock to $140 from $118, reiterating an Outperform rating on the shares after the company delivered its fiscal Q1 earnings beat and guidance. It further told investors in a research note that the company’s results and outlook were both better, driven by secular growth in Server/AI and a cyclical recovery in Industrial.

RBC Capital further stated that Lattice Semiconductor Corporation’s (NASDAQ:LSCC) AMI acquisition is also anticipated to be immediately accretive to gross margins and EPS, although AMI’s top-line growth is currently tracking slightly below the company’s long-term growth.

Lattice Semiconductor Corporation (NASDAQ:LSCC) is involved in the development of technologies that are monetized through differentiated programmable logic semiconductor products, design services, system solutions, and licenses. The company’s offerings also include evaluation boards, silicon-based and silicon-enabling products, development hardware, and related intellectual property licensing, services, and sales.

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