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

Lattice Semiconductor (NASDAQ:LSCC) had its price objective upped by Stifel Nicolaus from $65.00 to $70.00 in a research note issued to investors on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

LSCC has been the subject of several other reports. Benchmark lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. KeyCorp lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday. Susquehanna boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday. Finally, StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $58.64 on Tuesday. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 56.93 and a beta of 1.41. The company’s fifty day moving average is $57.83 and its two-hundred day moving average is $52.99. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69.

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 analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. As a group, sell-side analysts expect that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,022 shares of company stock worth $596,502. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LSCC. UMB Bank n.a. raised its holdings in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Lattice Semiconductor during the 4th quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after buying an additional 340 shares during the period. Jones Financial Companies Lllp grew its position in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after buying an additional 370 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $53,000. 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.