Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $66.25 Average Price Target from Brokerages

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $66.25.

A number of equities research analysts recently commented on the stock. KeyCorp increased their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Raymond James cut their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Finally, StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday.

Lattice Semiconductor Trading Down 3.2 %

LSCC stock opened at $60.32 on Friday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The company has a market cap of $8.31 billion, a P/E ratio of 137.09, a P/E/G ratio of 3.03 and a beta of 1.41. The company’s 50-day moving average price is $59.02 and its 200 day moving average price is $54.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, equities research analysts expect that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,686 shares of company stock worth $1,118,722 in the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ grew its stake in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after buying an additional 340 shares during the period. Jones Financial Companies Lllp increased its position 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 worth $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Lattice Semiconductor in the 4th quarter valued at $52,000. Hedge funds and other 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.