Susquehanna Issues Positive Forecast for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCC) had its price target boosted by research analysts at Susquehanna from $70.00 to $75.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective points to a potential upside of 21.91% from the stock’s previous close.

Several other brokerages have also recently commented on LSCC. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday. Stifel Nicolaus lifted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. KeyCorp upped their price target on Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, TD Cowen decreased their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One 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 MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Stock Up 4.9 %

LSCC stock opened at $61.52 on Tuesday. The stock’s 50 day moving average is $57.84 and its two-hundred day moving average is $53.01. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69. The company has a market capitalization of $8.49 billion, a PE ratio of 59.73 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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%. As a group, sell-side analysts anticipate that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction on Monday, January 6th. The stock was 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 of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors have recently bought and sold shares of LSCC. Stephens Investment Management Group LLC raised its position in shares of Lattice Semiconductor by 22.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock worth $41,409,000 after buying an additional 142,005 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Lattice Semiconductor by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock worth $24,657,000 after purchasing an additional 38,826 shares during the period. Cetera Investment Advisers boosted its stake in Lattice Semiconductor by 280.3% during the 2nd 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 in the last quarter. Pier Capital LLC increased its position in shares of Lattice Semiconductor by 114.7% during the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after purchasing an additional 86,276 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lattice Semiconductor in the 3rd quarter worth $1,314,000. 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.