Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Lattice Semiconductor (NASDAQ:LSCC) had its target price raised by equities researchers at Robert W. Baird from $44.00 to $68.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 8.87% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. TD Cowen dropped their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Susquehanna dropped their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Finally, Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Lattice Semiconductor Stock Down 0.9 %

NASDAQ:LSCC opened at $62.46 on Wednesday. The company has a market cap of $8.62 billion, a P/E ratio of 60.64 and a beta of 1.42. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm’s 50 day moving average is $53.94 and its two-hundred day moving average is $54.31.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $127.09 million for 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%. Lattice Semiconductor’s revenue was down 33.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. Research analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the transaction, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,076 shares of company stock valued at $421,990 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Lattice Semiconductor by 22.2% in the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after purchasing an additional 142,005 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Lattice Semiconductor by 9.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock valued at $24,657,000 after purchasing an additional 38,826 shares during the last quarter. Marshall Financial Group LLC acquired a new position in Lattice Semiconductor during the 2nd quarter valued at about $721,000. Finally, Cetera Investment Advisers increased its stake in Lattice Semiconductor by 280.3% during the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after buying an additional 13,236 shares during the period. 98.08% of the stock is currently owned by institutional investors.

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.