Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $66.25 Consensus Target Price from Analysts

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been given an average rating of “Moderate Buy” by the twelve analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $66.25.

Several equities analysts have commented on LSCC shares. Stifel Nicolaus boosted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Susquehanna upped their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Benchmark upped their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th.

Lattice Semiconductor Stock Up 0.9 %

NASDAQ:LSCC opened at $52.92 on Wednesday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $78.85. The stock’s fifty day moving average is $60.17 and its two-hundred day moving average is $56.80. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 120.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

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 11.22% and a net margin of 12.00%. On average, sell-side analysts expect that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated 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 in the company, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,740 shares of company stock valued at $943,026 over the last ninety days. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in Lattice Semiconductor by 15.3% during the 3rd quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 619 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Lattice Semiconductor in the third quarter valued at about $261,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Lattice Semiconductor by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock worth $48,287,000 after buying an additional 22,770 shares during the period. Algert Global LLC purchased a new position in shares of Lattice Semiconductor during the third quarter worth about $728,000. Finally, Larson Financial Group LLC increased its position in Lattice Semiconductor by 38.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,437 shares of the semiconductor company’s stock valued at $235,000 after acquiring an additional 1,228 shares during the period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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.