Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $85.00 at Benchmark

Lattice Semiconductor (NASDAQ:LSCC) had its price target increased by research analysts at Benchmark from $80.00 to $85.00 in a research report issued to clients and investors 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 26.51% from the stock’s current price.

Several other research firms have also weighed in on LSCC. Susquehanna boosted their target price on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research note on Tuesday. Needham & Company LLC boosted their target price on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday. KeyCorp upped their price target 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. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Finally, Stifel Nicolaus lowered their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.36.

Lattice Semiconductor Trading Down 2.1 %

Shares of NASDAQ:LSCC opened at $67.19 on Tuesday. The company has a fifty day simple moving average of $75.60 and a 200 day simple moving average of $68.83. The firm has a market cap of $9.24 billion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 17.35 and a beta of 1.38. 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 earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 29.20%. The firm had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Lattice Semiconductor will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value 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 $9,281,394.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor 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 completion of the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sherri R. Luther sold 23,006 shares of the company’s 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 directly owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock valued at $3,225,795 over the last 90 days. 1.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at about $26,000. Larson Financial Group LLC acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at about $29,000. Van ECK Associates Corp lifted its holdings in Lattice Semiconductor by 95.1% in the 4th 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. Rise Advisors LLC acquired a new stake in Lattice Semiconductor in the 1st quarter valued at about $30,000. Finally, Heritage Wealth Advisors acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at about $33,000. 98.08% of the stock is 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.