Bank of America Increases Lattice Semiconductor (NASDAQ:LSCC) Price Target to $83.00

Lattice Semiconductor (NASDAQ:LSCC) had its price target raised by Bank of America from $75.00 to $83.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the stock. KeyCorp upped their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an overweight rating in a report on Tuesday, February 13th. Benchmark upped their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a buy rating in a research note on Tuesday. Needham & Company LLC upped their price objective on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the company a buy rating in a research note on Tuesday. Susquehanna increased their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research report on Tuesday. Finally, Rosenblatt Securities reissued a buy rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $83.36.

Lattice Semiconductor Trading Up 1.5 %

Shares of NASDAQ LSCC opened at $70.92 on Tuesday. Lattice Semiconductor has a twelve month low of $51.96 and a twelve month high of $98.30. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 12.39 and a beta of 1.41. The firm has a 50-day moving average of $75.42 and a two-hundred day moving average of $68.80.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company had revenue of $170.60 million during the quarter, compared to the consensus estimate of $176.15 million. During the same period in the prior year, the company earned $0.38 EPS. Lattice Semiconductor’s revenue was down 3.0% on a year-over-year basis. As a group, research analysts predict that Lattice Semiconductor will post 0.8 earnings per share for the current year.

Insider Activity

In related news, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares in the company, valued at $9,281,394.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the transaction, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,741 shares of company stock valued at $3,225,795. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $26,000. Larson Financial Group LLC acquired a new position in Lattice Semiconductor in the third quarter valued at about $29,000. Van ECK Associates Corp grew its stake in Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after buying an additional 174 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Lattice Semiconductor during the first quarter worth approximately $30,000. Finally, Heritage Wealth Advisors bought a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $33,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.