Analysts Set Lattice Semiconductor Co. (NASDAQ:LSCC) PT at $66.25

Lattice Semiconductor Co. (NASDAQ:LSCC) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $66.25.

LSCC has been the subject of several research analyst reports. Susquehanna increased their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Benchmark lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Stifel Nicolaus raised their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,740 shares of company stock valued at $943,026. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in LSCC. Price T Rowe Associates Inc. MD increased its position in Lattice Semiconductor by 291.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after purchasing an additional 4,676,100 shares during the last quarter. Norges Bank purchased a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $88,674,000. TimesSquare Capital Management LLC increased its holdings in shares of Lattice Semiconductor by 2,923.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after buying an additional 1,473,154 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Lattice Semiconductor by 740.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company’s stock worth $76,843,000 after buying an additional 1,195,624 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Lattice Semiconductor in the 3rd quarter worth $49,297,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $55.30 on Wednesday. The business has a 50 day simple moving average of $60.41 and a 200-day simple moving average of $56.68. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $80.13. The stock has a market capitalization of $7.61 billion, a PE ratio of 125.68, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results 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 net margin of 12.00% and a return on equity of 11.22%. As a group, equities research analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current 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.