Lattice Semiconductor (NASDAQ:LSCC) PT Raised to $70.00 at Robert W. Baird

Lattice Semiconductor (NASDAQ:LSCC) had its price objective increased by Robert W. Baird from $60.00 to $70.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

Other analysts have also issued reports about the company. Stifel Nicolaus lowered their price target on Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a research note on Tuesday, February 13th. Rosenblatt Securities reaffirmed a buy rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. Susquehanna raised their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research note on Tuesday. Benchmark boosted their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Bank of America increased their price objective on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a neutral rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $83.36.

Lattice Semiconductor Stock Performance

Lattice Semiconductor 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 capitalization of $9.76 billion, a P/E ratio of 45.46, a P/E/G ratio of 12.39 and a beta of 1.41. Lattice Semiconductor has a 1 year low of $51.96 and a 1 year high of $98.30.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Lattice Semiconductor during the 3rd quarter worth approximately $26,000. Larson Financial Group LLC acquired a new stake in shares of Lattice Semiconductor in the third quarter valued at $29,000. Van ECK Associates Corp raised its stake in shares of Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares in the last quarter. Rise Advisors LLC purchased a new position in Lattice Semiconductor in the first quarter valued at $30,000. Finally, Heritage Wealth Advisors acquired a new position in Lattice Semiconductor during the 3rd quarter worth $33,000. Institutional investors and hedge funds 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.