Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $65.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price hoisted by Stifel Nicolaus from $55.00 to $65.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on the company. KeyCorp reduced their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird raised their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday. Susquehanna decreased their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Finally, 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 report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.00.

Lattice Semiconductor Stock Up 1.6 %

LSCC stock opened at $63.45 on Wednesday. The firm has a market cap of $8.75 billion, a PE ratio of 61.60 and a beta of 1.42. The business has a 50 day moving average of $53.94 and a 200-day moving average of $54.31. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. On average, research analysts expect that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. This represents a 11.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor stock in a transaction on Thursday, December 12th. The stock was 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 directly owns 365 shares of the company’s stock, valued at $22,827.10. The trade was a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,172 shares of company stock valued at $490,534 in the last quarter. 1.80% of the stock is owned by insiders.

Institutional Trading of Lattice Semiconductor

Several hedge funds have recently bought and sold shares of the stock. American National Bank & Trust lifted its stake in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 709 shares in the last quarter. West Oak Capital LLC lifted its position in shares of Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor in the third quarter worth about $53,000. Blue Trust Inc. grew its position in shares of Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 407 shares during the period. Institutional investors 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.