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

Lattice Semiconductor (NASDAQ:LSCC) had its price objective upped by stock analysts at Robert W. Baird from $60.00 to $70.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Robert W. Baird’s price target would suggest a potential upside of 4.18% from the company’s previous close.

Other research analysts have also issued reports about the stock. Bank of America raised their target price on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday. Stifel Nicolaus decreased their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th. Needham & Company LLC lifted their price target on Lattice Semiconductor from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Susquehanna upped their price target on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.36.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $67.19 on Tuesday. The stock has a market capitalization of $9.24 billion, a P/E ratio of 43.07, a P/E/G ratio of 17.35 and a beta of 1.38. The business has a 50-day moving average of $75.60 and a two-hundred day moving average of $68.83. Lattice Semiconductor has a fifty-two week low of $51.96 and a fifty-two week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 29.20% and a net margin of 31.42%. The firm had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. During the same period in the previous year, the company earned $0.38 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, research analysts expect that Lattice Semiconductor will post 0.8 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the transaction, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. In the last three months, insiders sold 43,741 shares of company stock valued at $3,225,795. Company insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares during the last quarter. RiverPark Advisors LLC boosted its stake in Lattice Semiconductor by 31.2% in the fourth quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 195 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Lattice Semiconductor by 7.5% in the third quarter. Nisa Investment Advisors LLC now owns 2,853 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Lattice Semiconductor by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after purchasing an additional 200 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Lattice Semiconductor by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock valued at $4,457,000 after buying an additional 230 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.