Benchmark Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $85.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price boosted by Benchmark from $80.00 to $85.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the company. KeyCorp boosted their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an overweight rating in a research note on Tuesday, February 13th. Susquehanna boosted their target price on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research note on Tuesday. Rosenblatt Securities reissued a buy rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Needham & Company LLC raised their price target on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the company a buy rating in a report on Tuesday. Finally, Stifel Nicolaus reduced their price objective on Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $83.36.

Lattice Semiconductor Stock Performance

Shares of LSCC stock traded up $1.06 during trading hours on Tuesday, hitting $70.92. The company had a trading volume of 1,426,598 shares, compared to its average volume of 2,186,429. Lattice Semiconductor has a 12 month low of $51.96 and a 12 month high of $98.30. The firm’s fifty day moving average is $75.42 and its 200 day moving average is $68.80. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 12.39 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, sell-side analysts expect that Lattice Semiconductor will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the transaction, the senior vice president now owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the transaction, the chief financial officer now owns 124,116 shares in the company, valued at $9,281,394.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,741 shares of company stock valued at $3,225,795. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of large investors have recently added to or reduced their stakes in LSCC. Van ECK Associates Corp boosted its position in shares of Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after buying an additional 174 shares during the period. Headlands Technologies LLC acquired a new position in Lattice Semiconductor during the 3rd quarter worth approximately $26,000. GAMMA Investing LLC bought a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $28,000. American National Bank acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $28,000. Finally, Larson Financial Group LLC bought a new stake in shares of Lattice Semiconductor in the third quarter worth $29,000. 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.