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

Lattice Semiconductor (NASDAQ:LSCC) had its target price lifted by stock analysts at Susquehanna from $70.00 to $75.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price would suggest a potential upside of 24.76% from the company’s previous close.

A number of other equities analysts have also recently commented on LSCC. Robert W. Baird lifted 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. Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Benchmark lifted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.83.

Lattice Semiconductor Stock Performance

NASDAQ LSCC traded up $5.64 on Tuesday, reaching $60.11. The company had a trading volume of 2,250,578 shares, compared to its average volume of 2,026,682. The company’s fifty day moving average is $57.91 and its 200-day moving average is $52.98. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 58.54 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data 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, research analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the transaction, the senior vice president now owns 14,279 shares of the company’s stock, valued at $827,039.68. This represents a 11.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares in the company, 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 sold 11,022 shares of company stock valued at $596,502 over the last quarter. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth $38,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 340 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares during the period. Finally, Hollencrest Capital Management bought a new position in Lattice Semiconductor during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.