Lattice Semiconductor (NASDAQ:LSCC) Price Target Increased to $72.00 by Analysts at Susquehanna Bancshares

Posted by James Conley on Aug 6th, 2022

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) had its price target hoisted by Susquehanna Bancshares from $65.00 to $72.00 in a report issued on Tuesday, Stock Target Advisor reports. They currently have a positive rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Cowen boosted their target price on shares of Lattice Semiconductor from $70.00 to $78.00 in a report on Tuesday. Cowen boosted their target price on shares of Lattice Semiconductor from $70.00 to $78.00 in a report on Tuesday. StockNews.com raised shares of Lattice Semiconductor from a hold rating to a buy rating in a report on Wednesday, July 13th. Craig Hallum decreased their price target on shares of Lattice Semiconductor from $60.00 to $55.00 in a report on Thursday, May 5th. Finally, Susquehanna raised shares of Lattice Semiconductor from a neutral rating to a positive rating and set a $65.00 price target on the stock in a report on Tuesday, May 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of Moderate Buy and a consensus target price of $74.88.

Lattice Semiconductor Trading Down 0.0 %

NASDAQ:LSCC opened at $64.52 on Tuesday. The company has a current ratio of 2.96, a quick ratio of 2.30 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $8.88 billion, a PE ratio of 66.52 and a beta of 1.21. The firm’s 50 day moving average is $52.36 and its 200 day moving average is $53.82. Lattice Semiconductor has a 12 month low of $43.41 and a 12 month high of $85.45.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The semiconductor company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $161.37 million for the quarter, compared to analysts’ expectations of $157.98 million. Lattice Semiconductor had a net margin of 23.20% and a return on equity of 34.11%. Lattice Semiconductor’s revenue was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. Sell-side analysts expect that Lattice Semiconductor will post 1.18 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Sherri R. Luther sold 19,000 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $45.57, for a total value of $865,830.00. Following the completion of the transaction, the chief financial officer now directly owns 138,951 shares in the company, valued at $6,331,997.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lattice Semiconductor news, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $49.72, for a total transaction of $1,491,600.00. Following the completion of the sale, the chief executive officer now directly owns 755,432 shares in the company, valued at $37,560,079.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Sherri R. Luther sold 19,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $45.57, for a total transaction of $865,830.00. Following the sale, the chief financial officer now owns 138,951 shares of the company’s stock, valued at $6,331,997.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,643 shares of company stock worth $6,813,332. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its stake in shares of Lattice Semiconductor by 14.9% during the fourth quarter. Sei Investments Co. now owns 441,386 shares of the semiconductor company’s stock valued at $34,002,000 after acquiring an additional 57,398 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lattice Semiconductor by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 2,574,385 shares of the semiconductor company’s stock valued at $198,382,000 after acquiring an additional 73,197 shares during the last quarter. AlphaCrest Capital Management LLC raised its stake in shares of Lattice Semiconductor by 212.4% during the fourth quarter. AlphaCrest Capital Management LLC now owns 20,338 shares of the semiconductor company’s stock valued at $1,567,000 after acquiring an additional 13,828 shares during the last quarter. Yarbrough Capital LLC raised its stake in shares of Lattice Semiconductor by 28.8% during the first quarter. Yarbrough Capital LLC now owns 14,589 shares of the semiconductor company’s stock valued at $889,000 after acquiring an additional 3,266 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Lattice Semiconductor by 65.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,453 shares of the semiconductor company’s stock valued at $7,048,000 after acquiring an additional 36,240 shares during the last quarter. 95.25% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Company Profile

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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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.