Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $200.00

by · The Markets Daily

Lattice Semiconductor (NASDAQ:LSCC – Free Report) had its price target hoisted by Rosenblatt Securities from $175.00 to $200.00 in a research report released on Tuesday, Marketbeat.com reports. Rosenblatt Securities currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently weighed in on LSCC. William Blair assumed coverage on Lattice Semiconductor in a report on Tuesday, October 6th. They set an “outperform” rating for the company. Zacks Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 27th. Benchmark began coverage on Lattice Semiconductor in a report on Tuesday, August 25th. They issued a “buy” rating and a $160.00 target price on the stock. Jefferies Financial Group upped their price objective on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen cut Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of “Buy” and an average target price of $166.82.

Get Our Latest Analysis on Lattice Semiconductor

Lattice Semiconductor Trading Down 8.6%

Shares of NASDAQ LSCC opened at $98.03 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 1.92. Lattice Semiconductor has a 52-week low of $60.50 and a 52-week high of $157.01. The stock has a market cap of $13.94 billion, a P/E ratio of 110.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.90. The firm has a 50 day moving average price of $114.10 and a two-hundred day moving average price of $115.71.

Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. Lattice Semiconductor had a return on equity of 14.94% and a net margin of 5.53%. The business had revenue of $291.04 million during the quarter, compared to the consensus estimate of $255.90 million. During the same period in the prior year, the business posted $0.28 earnings per share. Lattice Semiconductor’s quarterly revenue was up 118.3% on a year-over-year basis. As a group, equities analysts forecast that Lattice Semiconductor will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ford Tamer purchased 9,790 shares of the stock in a transaction on Wednesday, November 4th. The shares were acquired at an average price of $102.52 per share, for a total transaction of $1,003,670.80. Following the completion of the transaction, the chief executive officer directly owned 19,790 shares of the company’s stock, valued at approximately $2,028,870.80. This trade represents a 97.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, SVP Esam Elashmawi sold 15,742 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $134.77, for a total value of $2,121,549.34. Following the completion of the sale, the senior vice president owned 155,420 shares of the company’s stock, valued at $20,945,953.40. The trade was a 9.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 19,661 shares of company stock worth $2,587,259 over the last three months. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Equity Partners LLC lifted its position in shares of Lattice Semiconductor by 160.5% during the 3rd quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 130 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new stake in Lattice Semiconductor in the 3rd quarter worth $37,000. Danske Bank A S purchased a new position in shares of Lattice Semiconductor in the second quarter worth $46,000. Meeder Asset Management Inc. purchased a new position in shares of Lattice Semiconductor during the second quarter valued at about $46,000. Finally, Burkett Financial Services LLC bought a new stake in Lattice Semiconductor in the 3rd quarter worth approximately $38,000. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

(Get Free Report)

Lattice Semiconductor Corporation (NASDAQ: LSCC) designs and develops low-power programmable semiconductor devices and related software. Its product portfolio includes field-programmable gate arrays (FPGAs), complex programmable logic devices, programmable system control solutions, and connectivity products that enable customers to configure and update electronic systems after manufacturing.

The company’s products are used in communications and networking equipment, industrial systems, automotive applications, data-center and computing hardware, consumer electronics, and aerospace and defense products.

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