Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $58.42 Average Price Target from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $58.42.

Several equities analysts have recently issued reports on the company. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $83.00 to $47.00 in a research report on Tuesday, July 30th. Raymond James lowered their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Susquehanna dropped their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. TD Cowen reduced their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Robert W. Baird cut their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the firm’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 transaction, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the business. William Blair Investment Management LLC lifted its position in Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after buying an additional 294,290 shares during the last quarter. Bank of New York Mellon Corp increased its position in Lattice Semiconductor by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after buying an additional 30,642 shares during the period. Rokos Capital Management LLP lifted its holdings in shares of Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after buying an additional 1,141,230 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after acquiring an additional 426,511 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Trading Up 3.7 %

Lattice Semiconductor stock opened at $54.21 on Thursday. The stock has a fifty day moving average price of $52.20 and a 200 day moving average price of $55.66. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The firm has a market capitalization of $7.48 billion, a P/E ratio of 52.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Lattice Semiconductor’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. As a group, equities analysts predict that Lattice Semiconductor will post 0.54 EPS for the current year.

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.