UPDATE: Jefferies Raises PT on Lattice Semiconductor on Expected Investor Interest Increase

In a report published Friday, Jefferies analyst Sundeep Bajikar reiterated a Buy rating on Lattice Semiconductor LSCC, and slightly raised the price target from $5.50 to $6.50. In the report, Bajikar noted, “We expect investor interest in LSCC to increase driven by two factors: 1) premium revenue growth levered to Smartphone, and 2) mature node manufacturing strategy, particularly compared to the leading-edge focus of 10x larger competitors Altera/Xilinx. We also think Lattice is well positioned to benefit from wireless infrastructure CapEx spending in China, potentially in 2H13. Reit. Buy.” Lattice Semiconductor closed on Thursday at $5.29.