Susquehanna Bancshares Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $72.00

Lattice Semiconductor (NASDAQ:LSCCGet Rating) had its price objective boosted by equities research analysts at Susquehanna Bancshares from $65.00 to $72.00 in a research report issued on Tuesday, Stock Target Advisor reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna Bancshares’ price target would suggest a potential upside of 10.65% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Cowen raised their price objective on shares of Lattice Semiconductor from $70.00 to $78.00 in a report on Tuesday. Craig Hallum reduced their price objective on shares of Lattice Semiconductor from $60.00 to $55.00 in a report on Thursday, May 5th. Cowen raised their price objective on shares of Lattice Semiconductor from $70.00 to $78.00 in a report on Tuesday. StockNews.com raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Finally, Susquehanna lifted their price target on shares of Lattice Semiconductor from $65.00 to $72.00 and gave the company a “maintains” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.88.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $65.07 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.02 and a quick ratio of 2.30. Lattice Semiconductor has a fifty-two week low of $43.41 and a fifty-two week high of $85.45. The firm has a fifty day moving average price of $51.83 and a two-hundred day moving average price of $53.79. The company has a market cap of $8.95 billion, a PE ratio of 67.08 and a beta of 1.21.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last issued its quarterly earnings results on Monday, August 1st. The semiconductor company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Lattice Semiconductor had a net margin of 23.20% and a return on equity of 34.68%. The firm had revenue of $161.37 million during the quarter, compared to the consensus estimate of $157.98 million. During the same period in the prior year, the firm earned $0.15 EPS. The business’s revenue was up 28.2% on a year-over-year basis. Analysts expect that Lattice Semiconductor will post 1.18 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Krishna Rangasayee sold 31,256 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $53.82, for a total value of $1,682,197.92. Following the completion of the sale, the director now owns 27,552 shares in the company, valued at approximately $1,482,848.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lattice Semiconductor news, Director Krishna Rangasayee sold 31,256 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $53.82, for a total value of $1,682,197.92. Following the completion of the sale, the director now owns 27,552 shares in the company, valued at approximately $1,482,848.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $49.72, for a total transaction of $1,491,600.00. Following the completion of the sale, the chief executive officer now owns 755,432 shares of the company’s stock, valued at approximately $37,560,079.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,694 shares of company stock worth $6,753,440. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors have recently modified their holdings of the business. FourThought Financial LLC grew its position in shares of Lattice Semiconductor by 20.1% during the 1st quarter. FourThought Financial LLC now owns 1,386 shares of the semiconductor company’s stock worth $84,000 after buying an additional 232 shares during the period. Parallel Advisors LLC grew its position in shares of Lattice Semiconductor by 84.6% during the 1st quarter. Parallel Advisors LLC now owns 539 shares of the semiconductor company’s stock worth $34,000 after buying an additional 247 shares during the period. Arizona State Retirement System grew its position in shares of Lattice Semiconductor by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 37,314 shares of the semiconductor company’s stock worth $1,810,000 after buying an additional 297 shares during the period. Lindenwold Advisors grew its position in shares of Lattice Semiconductor by 5.8% during the 1st quarter. Lindenwold Advisors now owns 5,517 shares of the semiconductor company’s stock worth $336,000 after buying an additional 303 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Lattice Semiconductor by 83.6% during the 1st quarter. Quadrant Capital Group LLC now owns 685 shares of the semiconductor company’s stock worth $42,000 after buying an additional 312 shares during the period. Institutional investors and hedge funds own 95.25% of the company’s stock.

About Lattice Semiconductor

(Get Rating)

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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

See Also

Stock Target Advisor logo

Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.