Analysts’ Opinions Are Mixed on These Technology Stocks: Lattice Semicon (NASDAQ: LSCC) and Western Digital (NASDAQ: WDC)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on Lattice Semicon (NASDAQ: LSCC) and Western Digital (NASDAQ: WDC).

Lattice Semicon (NASDAQ: LSCC)

In a report released today, Christopher Rolland from Susquehanna reiterated a Hold rating on Lattice Semicon (NASDAQ: LSCC), with a price target of $6.50. The company’s shares opened today at $6.99.

According to TipRanks.com, Rolland is a 5-star analyst with an average return of 9.0% and a 62.6% success rate. Rolland covers the Technology sector, focusing on stocks such as International Rectifier, Advanced Micro Devices, and Integrated Device Tech.

Lattice Semicon has an analyst consensus of Hold, with a price target consensus of $7.40.

Western Digital (NASDAQ: WDC)

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Western Digital (NASDAQ: WDC) today and set a price target of $105. The company’s shares opened today at $89.02, close to its 52-week high of $91.

Rakesh commented:

“We believe WDC investors continue to favor a WDC consolidation of the Toshiba NAND assets as it drives a consolidated NAND memory industry with continued tight fundamentals and protects the IP.”

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 28.8% and a 71.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

Currently, the analyst consensus on Western Digital is Strong Buy and the average price target is $119.87, representing a 34.7% upside.

In a report issued on May 1, Benchmark Co. also reiterated a Buy rating on the stock with a $135 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.