Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) Price Target at $64.58

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $64.58.

A number of brokerages have recently weighed in on LSCC. Raymond James reduced their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. TD Cowen decreased their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday. Finally, Robert W. Baird raised their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th.

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. This trade represents a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the transaction, the senior vice president now owns 365 shares in the company, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,022 shares of company stock valued at $596,502. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nicholas Company Inc. lifted its stake in Lattice Semiconductor by 30.5% in the 4th quarter. Nicholas Company Inc. now owns 386,623 shares of the semiconductor company’s stock valued at $21,902,000 after purchasing an additional 90,366 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Lattice Semiconductor by 24.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,911 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 1,171 shares during the period. Natixis Advisors LLC boosted its stake in shares of Lattice Semiconductor by 14.6% during the 4th quarter. Natixis Advisors LLC now owns 22,428 shares of the semiconductor company’s stock worth $1,271,000 after acquiring an additional 2,857 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares during the last quarter. Finally, Vestcor Inc bought a new stake in Lattice Semiconductor in the 4th quarter valued at $2,408,000. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Trading Up 2.2 %

NASDAQ LSCC opened at $54.47 on Tuesday. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69. The stock has a 50-day simple moving average of $57.91 and a 200 day simple moving average of $52.98. The company has a market capitalization of $7.52 billion, a PE ratio of 52.88 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share 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%. As a group, sell-side analysts predict that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

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.