Lattice Semiconductor (NASDAQ:LSCC) Given New $70.00 Price Target at Stifel Nicolaus

Lattice Semiconductor (NASDAQ:LSCC) had its target price raised by research analysts at Stifel Nicolaus from $65.00 to $70.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 16.61% from the company’s current price.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Raymond James cut their price target on 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, Susquehanna lifted 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. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Stock Up 10.2 %

LSCC traded up $5.56 on Tuesday, reaching $60.03. The company had a trading volume of 2,735,466 shares, compared to its average volume of 2,059,412. The stock has a 50-day moving average price of $57.91 and a 200-day moving average price of $52.98. The stock has a market capitalization of $8.28 billion, a PE ratio of 58.41 and a beta of 1.41. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly 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 return on equity of 16.84% and a net margin of 25.48%. As a group, analysts expect that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $107,152.00. Following the transaction, the senior vice president now directly owns 14,279 shares in the company, valued at approximately $827,039.68. This represents a 11.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock valued at $596,502 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in shares of Lattice Semiconductor by 280.3% in the 2nd 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. CWM LLC raised its holdings in shares of Lattice Semiconductor by 22.2% during the 3rd quarter. CWM LLC now owns 20,616 shares of the semiconductor company’s stock valued at $1,094,000 after buying an additional 3,750 shares during the period. Marshall Financial Group LLC raised its stake in shares of Lattice Semiconductor by 3.5% during the third quarter. Marshall Financial Group LLC now owns 12,862 shares of the semiconductor company’s stock valued at $683,000 after purchasing an additional 436 shares during the period. Blue Trust Inc. lifted its position in shares of Lattice Semiconductor by 218.5% during the third quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 2,511 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Lattice Semiconductor in the third quarter valued at $249,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

About Lattice Semiconductor

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.