Susquehanna Forecasts Strong Price Appreciation for Lattice Semiconductor (NASDAQ:LSCC) Stock

Lattice Semiconductor (NASDAQ:LSCC) had its price objective boosted by equities research analysts at Susquehanna from $70.00 to $75.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target would suggest a potential upside of 21.91% from the company’s current price.

LSCC has been the subject of several other reports. KeyCorp lifted their price objective on Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Raymond James reduced their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Robert W. Baird upped their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Benchmark boosted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Stock Performance

LSCC opened at $61.52 on Tuesday. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 59.73 and a beta of 1.41. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The business’s fifty day moving average is $57.84 and its two-hundred day moving average is $53.01.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. On average, analysts predict that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Lattice Semiconductor during the 4th quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp boosted its holdings in Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in Lattice Semiconductor in the third quarter valued at approximately $53,000. 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.