Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) Price Target at $62.00

by · The Markets Daily

Lattice Semiconductor Co. (NASDAQ:LSCC – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $62.00.

Several analysts have recently weighed in on LSCC shares. Raymond James lowered their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Susquehanna dropped their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. KeyCorp reduced their target price on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Needham & Company LLC upped their price target on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Check Out Our Latest Stock Report on LSCC

Insider Activity at Lattice Semiconductor

In related news, SVP Pravin Desale sold 1,096 shares of the stock in a transaction that occurred 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 $22,827.10. This represents a 75.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares in the company, valued at $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock worth $596,502 in the last ninety days. 1.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC lifted its holdings in shares of Lattice Semiconductor by 22.2% in the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after buying an additional 142,005 shares during the period. Eagle Asset Management Inc. lifted its holdings in Lattice Semiconductor by 9.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock valued at $24,657,000 after acquiring an additional 38,826 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of 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 grew its stake in shares of Lattice Semiconductor by 114.7% in the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock worth $8,571,000 after purchasing an additional 86,276 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lattice Semiconductor in the 3rd quarter worth approximately $1,314,000. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $56.38 on Friday. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 54.74 and a beta of 1.41. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The business has a 50-day moving average of $56.75 and a 200-day moving average of $53.41.

Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to the consensus estimate 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 company earned $0.41 earnings per share. Research analysts expect that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Lattice Semiconductor Company Profile

(Get Free Report

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.

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