Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $80.00 at Needham & Company LLC

Lattice Semiconductor (NASDAQ:LSCC) had its price objective lifted by Needham & Company LLC from $75.00 to $80.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

LSCC has been the topic of a number of other research reports. Stifel Nicolaus cut their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a research report on Tuesday, February 13th. Rosenblatt Securities reissued a buy rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday. KeyCorp increased their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Benchmark increased their price objective on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. Finally, Susquehanna increased their price objective 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of Moderate Buy and an average target price of $83.36.

Lattice Semiconductor Trading Down 10.7 %

Shares of LSCC opened at $68.60 on Tuesday. The stock has a market capitalization of $9.44 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 16.67 and a beta of 1.38. The firm’s fifty day simple moving average is $75.70 and its two-hundred day simple moving average is $68.84. Lattice Semiconductor has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 35.14% and a return on equity of 36.07%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, research analysts predict that Lattice Semiconductor will post 0.8 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the sale, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,741 shares of company stock valued at $3,225,795. 1.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Lattice Semiconductor in the 3rd quarter valued at about $26,000. Larson Financial Group LLC purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $29,000. Van ECK Associates Corp increased its stake in shares of Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. Rise Advisors LLC bought a new position in Lattice Semiconductor in the 1st quarter worth approximately $30,000. Finally, Heritage Wealth Advisors bought a new position in Lattice Semiconductor in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.