Lattice Semiconductor (NASDAQ:LSCC) Price Target Increased to $85.00 by Analysts at Susquehanna

Lattice Semiconductor (NASDAQ:LSCC) had its price target increased by Susquehanna from $78.00 to $85.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

LSCC has been the subject of a number of other research reports. Benchmark lifted their price objective on Lattice Semiconductor from $70.00 to $95.00 and gave the company a buy rating in a research note on Tuesday, January 2nd. Needham & Company LLC reaffirmed a buy rating and issued a $75.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Rosenblatt Securities reissued a buy rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday. Stifel Nicolaus decreased their target price on shares of Lattice Semiconductor from $70.00 to $67.00 and set a hold rating for the company in a report on Tuesday, February 13th. Finally, KeyCorp increased 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of Moderate Buy and a consensus target price of $83.36.

Lattice Semiconductor Trading Up 1.5 %

Shares of LSCC stock opened at $70.92 on Tuesday. The company’s fifty day moving average price is $75.42 and its 200-day moving average price is $68.80. The stock has a market cap of $9.76 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 12.39 and a beta of 1.41. Lattice Semiconductor has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The business had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that Lattice Semiconductor will post 0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction 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 directly owns 124,116 shares in the company, valued at approximately $9,281,394.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction dated 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 $9,281,394.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,741 shares of company stock valued at $3,225,795. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the period. Headlands Technologies LLC bought a new position in shares of Lattice Semiconductor in the third quarter worth about $26,000. GAMMA Investing LLC bought a new position in shares of Lattice Semiconductor in the fourth quarter worth about $28,000. American National Bank purchased a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $28,000. Finally, Larson Financial Group LLC purchased a new stake in Lattice Semiconductor in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

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.