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

Lattice Semiconductor (NASDAQ:LSCC) had its price objective raised by investment analysts at KeyCorp from $70.00 to $75.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price objective points to a potential upside of 24.76% from the stock’s current price.

Several other research analysts have also commented on LSCC. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft cut 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 report on Tuesday, November 5th. Benchmark increased their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, TD Cowen cut their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.83.

Lattice Semiconductor Stock Up 10.4 %

NASDAQ:LSCC traded up $5.64 during mid-day trading on Tuesday, reaching $60.11. The company’s stock had a trading volume of 2,250,578 shares, compared to its average volume of 2,026,682. The firm has a market capitalization of $8.29 billion, a PE ratio of 58.54 and a beta of 1.41. The stock has a fifty day moving average of $57.91 and a 200-day moving average of $52.98. 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 data 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, analysts expect that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares in the company, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $22,827.10. This 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 valued at $596,502. 1.80% of the stock is owned by company insiders.

Institutional Trading of Lattice Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC boosted its position in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Barclays PLC lifted its stake in shares of Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Lattice Semiconductor by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company’s stock worth $53,217,000 after buying an additional 29,516 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Lattice Semiconductor during the third quarter valued at $49,297,000. Finally, Stephens Investment Management Group LLC increased its holdings in Lattice Semiconductor by 12.6% in the fourth quarter. Stephens Investment Management Group LLC now owns 878,367 shares of the semiconductor company’s stock valued at $49,759,000 after buying an additional 98,096 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

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.