Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $65.00

Lattice Semiconductor (NASDAQ:LSCC) had its price target boosted by Benchmark from $55.00 to $65.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research analysts have also issued reports on LSCC. Stifel Nicolaus boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. KeyCorp upped their price target on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Susquehanna upped their price target on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Raymond James reduced their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Stock Up 3.0 %

Shares of NASDAQ:LSCC opened at $63.39 on Tuesday. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm has a 50-day simple moving average of $57.88 and a 200 day simple moving average of $53.07. The company has a market cap of $8.75 billion, a PE ratio of 61.54 and a beta of 1.41.

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

Insider Activity at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were 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 in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the sale, the senior vice president now owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock valued at $596,502 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of large investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of Lattice Semiconductor by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock valued at $170,000 after acquiring an additional 163 shares during the period. Lindbrook Capital LLC increased its stake in Lattice Semiconductor by 15.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 190 shares during the period. Tidal Investments LLC increased its stake in Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after buying an additional 224 shares during the period. CIBC Asset Management Inc increased its stake in Lattice Semiconductor by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after buying an additional 231 shares during the period. Finally, UMB Bank n.a. increased its stake in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares during the period. 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.