Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $66.25 Consensus Target Price from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $66.25.

LSCC has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Susquehanna increased their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Benchmark raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th.

Insider Activity

In other news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,740 shares of company stock worth $943,026. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LSCC. Wellington Management Group LLP lifted its stake in Lattice Semiconductor by 42.7% in the 4th quarter. Wellington Management Group LLP now owns 532,111 shares of the semiconductor company’s stock valued at $30,144,000 after buying an additional 159,242 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of Lattice Semiconductor in the fourth quarter worth $1,209,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at $5,353,000. American Trust acquired a new stake in shares of Lattice Semiconductor during the fourth quarter valued at $222,000. Finally, GTS Securities LLC increased its position in Lattice Semiconductor by 363.5% during the 4th quarter. GTS Securities LLC now owns 19,589 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 15,363 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

LSCC stock opened at $55.30 on Wednesday. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $80.13. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 125.68, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. The company has a fifty day moving average price of $60.41 and a 200 day moving average price of $56.50.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results 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 net margin of 12.00% and a return on equity of 11.22%. As a group, analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current year.

About Lattice Semiconductor

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.