Susquehanna Raises Lattice Semiconductor (NASDAQ:LSCC) Price Target to $75.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective lifted by Susquehanna from $70.00 to $75.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

LSCC has been the subject of several other research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Raymond James decreased their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $58.64 on Tuesday. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The business has a 50 day simple moving average of $57.83 and a two-hundred day simple moving average of $52.99. The firm has a market capitalization of $8.09 billion, a PE ratio of 56.93 and a beta of 1.41.

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

Insider Transactions at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Large investors have recently made changes to their positions in the stock. Stephens Investment Management Group LLC grew its holdings in shares of Lattice Semiconductor by 22.2% during the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after buying an additional 142,005 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Lattice Semiconductor by 9.4% during the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock valued at $24,657,000 after buying an additional 38,826 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Lattice Semiconductor by 280.3% in the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after purchasing an additional 13,236 shares during the last quarter. Pier Capital LLC boosted its holdings in Lattice Semiconductor by 114.7% in the third quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after purchasing an additional 86,276 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lattice Semiconductor in the third quarter valued at $1,314,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.