Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $65.17 Average Price Target from Analysts

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $65.17.

Several research analysts have commented on LSCC shares. Robert W. Baird lifted their price target on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Benchmark reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Thursday, July 18th. Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Thursday, August 8th. Jefferies Financial Group restated a “buy” rating and set a $88.00 price objective (up previously from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, July 30th.

Lattice Semiconductor Trading Up 1.2 %

NASDAQ:LSCC opened at $49.52 on Tuesday. The firm has a market capitalization of $6.81 billion, a PE ratio of 31.74, a PEG ratio of 12.19 and a beta of 1.39. Lattice Semiconductor has a 1 year low of $41.65 and a 1 year high of $98.30. The firm’s fifty day simple moving average is $55.53 and its 200 day simple moving average is $66.95.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue was down 34.7% on a year-over-year basis. As a group, analysts anticipate that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other news, CEO James Robert Anderson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the transaction, the chief executive officer now directly owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Lattice Semiconductor news, SVP Glenn O’rourke sold 1,241 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total value of $92,504.14. Following the transaction, the senior vice president now directly owns 12,084 shares in the company, valued at $900,741.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the sale, the chief executive officer now directly owns 759,286 shares in the company, valued at $57,037,564.32. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in Lattice Semiconductor by 11.5% during the 1st quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 152 shares in the last quarter. Van ECK Associates Corp raised its holdings 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 buying an additional 174 shares during the last quarter. Yousif Capital Management LLC lifted its position in Lattice Semiconductor by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock worth $4,457,000 after buying an additional 230 shares in the last quarter. Covestor Ltd grew its holdings in Lattice Semiconductor by 16.1% during the 1st quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 266 shares during the last quarter. Finally, Swedbank AB increased its position in Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock valued at $3,120,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

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.