Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, Benchmark Analyst Says

Lattice Semiconductor (NASDAQ:LSCC) had its price target hoisted by analysts at Benchmark from $55.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s target price would suggest a potential upside of 5.66% from the company’s current price.

A number of other brokerages have also recently issued reports on LSCC. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. KeyCorp raised their price objective on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday. Robert W. Baird raised their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Stifel Nicolaus lifted their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Trading Up 4.9 %

LSCC stock opened at $61.52 on Tuesday. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The business’s 50 day moving average is $57.84 and its 200-day moving average is $53.01. The firm has a market cap of $8.49 billion, a P/E ratio of 59.73 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 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Sell-side analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock valued at $596,502 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. ExodusPoint Capital Management LP acquired a new position in shares of Lattice Semiconductor in the 4th quarter valued at $414,000. Arete Wealth Advisors LLC bought a new position in Lattice Semiconductor during the fourth quarter worth about $207,000. Geode Capital Management LLC grew its stake in Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after acquiring an additional 74,655 shares during the period. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Lattice Semiconductor by 66.4% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,194 shares of the semiconductor company’s stock worth $464,000 after acquiring an additional 3,270 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Lattice Semiconductor by 47.0% during the fourth quarter. Alliancebernstein L.P. now owns 583,515 shares of the semiconductor company’s stock worth $33,056,000 after purchasing an additional 186,689 shares during the period. 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.