Analysts Set Lattice Semiconductor Co. (NASDAQ:LSCC) Price Target at $66.25

Lattice Semiconductor Co. (NASDAQ:LSCC) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $66.25.

LSCC has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. KeyCorp boosted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Susquehanna raised their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Stifel Nicolaus upped their price objective 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. Finally, Benchmark raised their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th.

Insider Activity

In related news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor 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 transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock worth $943,026 over the last three months. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Pier Capital LLC raised its stake in Lattice Semiconductor by 114.7% during the third quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock worth $8,571,000 after purchasing an additional 86,276 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at approximately $1,314,000. Stifel Financial Corp lifted its holdings in Lattice Semiconductor by 99.0% in the third quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock valued at $3,172,000 after acquiring an additional 29,734 shares during the last quarter. US Bancorp DE grew its position in Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock worth $1,592,000 after acquiring an additional 800 shares during the period. Finally, Bank of Montreal Can increased its stake in Lattice Semiconductor by 265.8% during the third quarter. Bank of Montreal Can now owns 143,679 shares of the semiconductor company’s stock worth $7,690,000 after acquiring an additional 104,400 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $52.92 on Wednesday. The company’s fifty day moving average price is $60.17 and its 200-day moving average price is $56.80. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $78.85. The firm has a market capitalization of $7.28 billion, a P/E ratio of 120.28, a PEG ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Equities analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

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.