Lattice Semiconductor (NASDAQ:LSCC) PT Raised to $80.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective upped by stock analysts at Needham & Company LLC from $75.00 to $80.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 4.09% from the stock’s previous close.

LSCC has been the topic of several other research reports. Stifel Nicolaus reduced their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a report on Tuesday, February 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday. Susquehanna upped their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a report on Tuesday. KeyCorp upped their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Benchmark upped their price target on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average target price of $88.09.

Lattice Semiconductor Trading Up 4.0 %

LSCC stock opened at $76.86 on Tuesday. The company has a market cap of $10.57 billion, a P/E ratio of 41.55, a P/E/G ratio of 16.67 and a beta of 1.38. Lattice Semiconductor has a 52 week low of $51.96 and a 52 week high of $98.30. The company’s 50-day moving average price is $75.77 and its 200 day moving average price is $68.89.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $170.60 million for the quarter, compared to the consensus estimate of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, equities research analysts expect that Lattice Semiconductor will post 0.8 earnings per share for the current year.

Insider Activity

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the transaction, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the transaction, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Insiders sold a total of 43,741 shares of company stock valued at $3,225,795 over the last 90 days. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp raised its stake in shares of Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares during the period. RiverPark Advisors LLC grew its holdings in Lattice Semiconductor by 31.2% during the 4th quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 195 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Lattice Semiconductor by 7.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,853 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System grew its holdings in Lattice Semiconductor by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock valued at $2,288,000 after purchasing an additional 200 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in Lattice Semiconductor by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock valued at $4,457,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other 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.