Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $58.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price boosted by TD Cowen from $50.00 to $58.00 in a research note published on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research analysts have also recently commented on the company. Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. KeyCorp lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Loop Capital assumed coverage on shares of Lattice Semiconductor in a report on Friday, April 4th. They set a “buy” rating and a $85.00 price objective for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.93.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $49.18 on Tuesday. The firm’s 50 day simple moving average is $51.38 and its two-hundred day simple moving average is $55.33. The company has a market capitalization of $6.77 billion, a P/E ratio of 111.78, a P/E/G ratio of 3.03 and a beta of 1.60. Lattice Semiconductor has a 1-year low of $34.69 and a 1-year high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Lattice Semiconductor’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of large investors have recently made changes to their positions in LSCC. Barclays PLC boosted its position in Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after buying an additional 372,301 shares during the period. Tidal Investments LLC boosted its holdings in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after purchasing an additional 224 shares during the period. GAMMA Investing LLC grew its stake in Lattice Semiconductor by 27.9% in the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 594 shares in the last quarter. Oak Thistle LLC purchased a new position in Lattice Semiconductor during the 4th quarter worth $804,000. Finally, Park Avenue Securities LLC raised its position in Lattice Semiconductor by 19.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 796 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.