Susquehanna Issues Positive Forecast for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCC) had its price objective increased by Susquehanna from $70.00 to $75.00 in a research note released on Tuesday,Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

Other equities analysts also recently issued reports about the stock. TD Cowen cut their price objective 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 lifted their price objective on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus boosted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Raymond James cut 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. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Price Performance

LSCC opened at $63.39 on Tuesday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 61.54 and a beta of 1.41. The firm’s fifty day moving average price is $57.88 and its two-hundred day moving average price is $53.07. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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, equities analysts anticipate that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the company’s 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 sale, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 1,096 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the sale, the senior vice president now owns 365 shares in the company, valued at approximately $22,827.10. This represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock worth $596,502. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. increased its position in shares of Lattice Semiconductor by 67.7% during the fourth 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 period. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor during the fourth quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 340 shares during the period. Jones Financial Companies Lllp increased its position in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 370 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor in the third quarter worth approximately $53,000. 98.08% of the stock is currently owned by institutional investors.

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.