Lattice Semiconductor (NASDAQ:LSCC) Price Target Increased to $70.00 by Analysts at Robert W. Baird

Lattice Semiconductor (NASDAQ:LSCC) had its price target boosted by Robert W. Baird from $60.00 to $70.00 in a research note released on Tuesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the semiconductor company’s stock.

Several other research analysts also recently weighed in on LSCC. Bank of America boosted their price target on Lattice Semiconductor from $75.00 to $83.00 and gave the company a neutral rating in a report on Tuesday. Benchmark raised their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock a buy rating in a research note on Tuesday. Rosenblatt Securities reaffirmed a buy rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday. Needham & Company LLC raised their target price on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Susquehanna upped their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of Moderate Buy and a consensus price target of $83.36.

Lattice Semiconductor Stock Up 1.5 %

LSCC opened at $70.92 on Tuesday. The firm has a market cap of $9.76 billion, a P/E ratio of 45.46, a PEG ratio of 12.39 and a beta of 1.41. The business’s fifty day simple moving average is $75.42 and its 200 day simple moving average is $68.80. Lattice Semiconductor has a 52 week low of $51.96 and a 52 week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company 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 firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. As a group, equities analysts expect that Lattice Semiconductor will post 0.8 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark Jon Nelson sold 14,417 shares of the business’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 transaction, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. In the last three months, insiders sold 43,741 shares of company stock worth $3,225,795. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

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