Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $70.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective boosted by Stifel Nicolaus from $65.00 to $70.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts have also recently commented on LSCC. Susquehanna upped their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday. Robert W. Baird upped their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Monday. KeyCorp increased their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $63.39 on Tuesday. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 61.54 and a beta of 1.41. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The stock has a 50 day moving average of $57.88 and a 200 day moving average of $53.07.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now owns 14,279 shares of the company’s stock, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of LSCC. UMB Bank n.a. grew its stake in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 266 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ grew its stake 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 valued at $38,000 after buying an additional 340 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 370 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at $53,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.