Lattice Semiconductor (NASDAQ:LSCC) Given New $65.00 Price Target at Benchmark

Lattice Semiconductor (NASDAQ:LSCC) had its target price upped by analysts at Benchmark from $55.00 to $65.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective indicates a potential upside of 19.33% from the stock’s previous close.

Several other research firms have also commented on LSCC. Robert W. Baird raised their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Stifel Nicolaus raised their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. StockNews.com upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Needham & Company LLC raised their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One investment 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 has an average rating of “Moderate Buy” and an average target price of $65.00.

Lattice Semiconductor Trading Up 2.2 %

Shares of LSCC opened at $54.47 on Tuesday. The company’s 50-day moving average price is $57.91 and its 200 day moving average price is $52.98. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The firm has a market cap of $7.52 billion, a P/E ratio of 52.88 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results 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%. Equities research analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Activity

In other news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This represents a 11.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock worth $596,502. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC grew 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 buying an additional 1,473,154 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Lattice Semiconductor during the third quarter worth about $49,297,000. Westfield Capital Management Co. LP purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at about $38,194,000. Raymond James Financial Inc. acquired a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Lattice Semiconductor by 319.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after buying an additional 380,790 shares during the last quarter. Institutional investors and hedge funds 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.