Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $70.00 at Susquehanna

Lattice Semiconductor (NASDAQ:LSCC) had its price target raised by Susquehanna from $55.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target would suggest a potential upside of 17.65% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC lifted their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird upped their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Stifel Nicolaus raised their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.58.

Lattice Semiconductor Stock Down 2.2 %

LSCC stock opened at $59.50 on Wednesday. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The company has a market cap of $8.21 billion, a PE ratio of 57.77 and a beta of 1.41. The business’s 50-day simple moving average is $57.27 and its 200 day simple moving average is $53.31.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor’s quarterly revenue was down 33.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. On average, equities research 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 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 sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s 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 completion of the transaction, the senior vice president now owns 14,279 shares of the company’s stock, valued at $827,039.68. This trade represents a 11.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,022 shares of company stock worth $596,502. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC lifted its position in Lattice Semiconductor by 22.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after purchasing an additional 142,005 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Lattice Semiconductor by 9.4% during the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock worth $24,657,000 after buying an additional 38,826 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Lattice Semiconductor by 280.3% in the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after buying an additional 13,236 shares during the period. Pier Capital LLC boosted its stake in Lattice Semiconductor by 114.7% in the third quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after acquiring an additional 86,276 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lattice Semiconductor during the 3rd quarter worth $1,314,000. 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.