Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $70.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price raised by Susquehanna from $55.00 to $70.00 in a report published on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

Other analysts have also issued research reports about the company. Robert W. Baird lifted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp lifted their price target on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. Finally, Stifel Nicolaus lifted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.58.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $57.26 on Wednesday. The firm has a market cap of $7.90 billion, a P/E ratio of 55.59 and a beta of 1.41. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm has a 50-day simple moving average of $57.61 and a two-hundred day simple moving average of $53.32.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million during 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%. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. On average, equities research analysts predict that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,022 shares of company stock worth $596,502. 1.80% of the stock is owned by company insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in LSCC. Pacer Advisors Inc. grew its holdings in Lattice Semiconductor by 11.6% during the 4th quarter. Pacer Advisors Inc. now owns 51,712 shares of the semiconductor company’s stock valued at $2,929,000 after buying an additional 5,384 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Lattice Semiconductor by 14.3% during the fourth quarter. First Citizens Bank & Trust Co. now owns 5,365 shares of the semiconductor company’s stock worth $304,000 after acquiring an additional 673 shares during the last quarter. Compass Wealth Management LLC purchased a new position in Lattice Semiconductor during the fourth quarter valued at $1,324,000. UMB Bank n.a. lifted its stake in Lattice Semiconductor by 67.7% in 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 in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Lattice Semiconductor by 31.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company’s stock valued at $1,928,000 after purchasing an additional 8,171 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

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.