Benchmark Issues Positive Forecast for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCC) had its price objective hoisted by research analysts at Benchmark from $55.00 to $65.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective would indicate a potential upside of 5.66% from the stock’s previous close.

LSCC has been the subject of a number of other reports. Robert W. Baird raised their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Stifel Nicolaus boosted 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 cut 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 note on Tuesday, November 5th. Needham & Company LLC boosted their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $61.52 on Tuesday. The stock’s 50-day moving average is $57.84 and its 200-day moving average is $53.01. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 59.73 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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%. On average, equities analysts expect that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Activity

In other news, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its holdings in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Lattice Semiconductor in the fourth quarter worth $38,000. Skandinaviska Enskilda Banken AB publ raised its stake in Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after buying an additional 370 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in Lattice Semiconductor during the third quarter worth about $53,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.