Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Lattice Semiconductor (NASDAQ:LSCC) had its target price upped by investment analysts at Stifel Nicolaus from $65.00 to $70.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.61% from the company’s current price.

LSCC has been the subject of several other research reports. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday. StockNews.com upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Raymond James decreased their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird raised their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, KeyCorp upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Trading Up 10.2 %

NASDAQ LSCC traded up $5.56 during trading hours on Tuesday, reaching $60.03. 2,735,466 shares of the company traded hands, compared to its average volume of 2,059,412. The stock has a market capitalization of $8.28 billion, a PE ratio of 58.41 and a beta of 1.41. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69. The company has a 50 day moving average of $57.91 and a two-hundred day moving average of $52.98.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. On average, equities research analysts anticipate that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock valued at $596,502 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers lifted its holdings in shares of Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after purchasing an additional 13,236 shares during the last quarter. CWM LLC raised its holdings in Lattice Semiconductor by 22.2% during the 3rd quarter. CWM LLC now owns 20,616 shares of the semiconductor company’s stock worth $1,094,000 after buying an additional 3,750 shares during the period. Marshall Financial Group LLC lifted its stake in Lattice Semiconductor by 3.5% during the third quarter. Marshall Financial Group LLC now owns 12,862 shares of the semiconductor company’s stock valued at $683,000 after buying an additional 436 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Lattice Semiconductor by 218.5% in the third quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock worth $212,000 after buying an additional 2,511 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Lattice Semiconductor in the third quarter worth approximately $249,000. Institutional investors and hedge funds 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.