Lattice Semiconductor (NASDAQ:LSCC) Given New $75.00 Price Target at Susquehanna

Lattice Semiconductor (NASDAQ:LSCC) had its target price lifted by equities researchers at Susquehanna from $70.00 to $75.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target indicates a potential upside of 24.76% from the stock’s previous close.

A number of other analysts have also recently weighed in on LSCC. KeyCorp upped their target price on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Raymond James lowered their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. TD Cowen cut their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $65.83.

Lattice Semiconductor Stock Up 10.4 %

Shares of LSCC stock traded up $5.64 during mid-day trading on Tuesday, reaching $60.11. The stock had a trading volume of 2,250,578 shares, compared to its average volume of 2,026,682. 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 $8.29 billion, a PE ratio of 58.54 and a beta of 1.41. The firm’s 50 day simple moving average is $57.91 and its 200 day simple moving average is $52.98.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS 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%. Sell-side analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $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 three months, insiders have sold 11,022 shares of company stock worth $596,502. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC raised its position in shares of 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 valued at $86,309,000 after acquiring an additional 1,473,154 shares during the period. Barclays PLC increased its stake in Lattice Semiconductor by 57.5% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lattice Semiconductor by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company’s stock worth $53,217,000 after purchasing an additional 29,516 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Lattice Semiconductor during the third quarter worth $49,297,000. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Lattice Semiconductor by 12.6% in the 4th 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 during the period. Institutional investors own 98.08% of the company’s stock.

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.