Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $70.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price raised by Stifel Nicolaus from $65.00 to $70.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

LSCC has been the topic of a number of other research reports. KeyCorp upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday. Susquehanna boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday. TD Cowen lowered their price objective 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $63.39 on Tuesday. The firm has a market cap of $8.75 billion, a PE ratio of 61.54 and a beta of 1.41. The firm’s 50-day simple moving average is $57.88 and its 200-day simple moving average is $53.07. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69.

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

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. This represents a 9.58 % decrease in their position. The transaction 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 stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total transaction of $68,543.84. Following the completion of the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $22,827.10. This trade represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,022 shares of company stock worth $596,502. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LSCC. UMB Bank n.a. boosted its holdings in shares of Lattice Semiconductor by 67.7% in the fourth 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 valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of 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 acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $53,000. 98.08% of the stock is currently owned by 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.