Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $62.00 Average PT from Analysts

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $62.00.

Several research analysts have issued reports on LSCC shares. KeyCorp dropped their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus boosted 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. Raymond James reduced their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC raised their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Benchmark restated a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a report on Monday, September 16th.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction that occurred 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 directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is owned by insiders.

Institutional Trading of Lattice Semiconductor

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Lattice Semiconductor by 27.9% during the 4th quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock valued at $154,000 after acquiring an additional 594 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Lattice Semiconductor during the third quarter valued at approximately $789,000. Tidal Investments LLC raised its position in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after purchasing an additional 224 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of Lattice Semiconductor by 1.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 41,941 shares of the semiconductor company’s stock worth $2,226,000 after buying an additional 742 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Lattice Semiconductor by 54.9% during the 3rd quarter. M&T Bank Corp now owns 7,742 shares of the semiconductor company’s stock worth $410,000 after buying an additional 2,743 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Down 0.8 %

Shares of LSCC stock opened at $55.35 on Friday. The stock has a 50-day simple moving average of $56.50 and a 200 day simple moving average of $53.39. The stock has a market capitalization of $7.64 billion, a P/E ratio of 53.74 and a beta of 1.41. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

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

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.