Stifel Nicolaus Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $65.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price raised by Stifel Nicolaus from $55.00 to $65.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 3.47% from the stock’s previous close.

A number of other equities research analysts have also weighed in on LSCC. Susquehanna dropped their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Raymond James lowered their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. TD Cowen lowered their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp lowered their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Needham & Company LLC upped their price target on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Lattice Semiconductor Trading Up 5.6 %

Shares of LSCC stock traded up $3.34 during trading hours on Wednesday, reaching $62.82. 344,530 shares of the company’s stock were exchanged, compared to its average volume of 2,363,080. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 61.49 and a beta of 1.42. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The stock’s 50 day moving average is $53.50 and its 200-day moving average is $54.19.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Equities analysts anticipate that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,076 shares of company stock worth $421,990. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new position in Lattice Semiconductor in the 3rd quarter valued at approximately $49,297,000. Westfield Capital Management Co. LP purchased a new position in Lattice Semiconductor in the 3rd quarter valued at approximately $38,194,000. William Blair Investment Management LLC raised its holdings in shares of Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after purchasing an additional 668,132 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after purchasing an additional 426,511 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Lattice Semiconductor by 319.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after purchasing an additional 380,790 shares in the last quarter. Hedge funds and other institutional investors 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.