Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $64.58 Consensus Price Target from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $64.58.

A number of brokerages have recently issued reports on LSCC. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. TD Cowen dropped their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday. Finally, Robert W. Baird lifted their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock worth $596,502 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently modified their holdings of LSCC. Nicholas Company Inc. increased its holdings in Lattice Semiconductor by 30.5% in the 4th quarter. Nicholas Company Inc. now owns 386,623 shares of the semiconductor company’s stock worth $21,902,000 after purchasing an additional 90,366 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Lattice Semiconductor by 24.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,911 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 1,171 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Lattice Semiconductor by 14.6% in the fourth quarter. Natixis Advisors LLC now owns 22,428 shares of the semiconductor company’s stock valued at $1,271,000 after buying an additional 2,857 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after buying an additional 340 shares during the period. Finally, Vestcor Inc bought a new stake in Lattice Semiconductor during the 4th quarter worth approximately $2,408,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Up 2.2 %

Shares of LSCC stock opened at $54.47 on Tuesday. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The company has a market capitalization of $7.52 billion, a PE ratio of 52.88 and a beta of 1.41. The firm has a 50 day moving average price of $57.91 and a two-hundred day moving average price of $52.98.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. As a group, research analysts expect that Lattice Semiconductor will post 0.54 EPS for the current year.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.