Bank of America Raises Lattice Semiconductor (NASDAQ:LSCC) Price Target to $83.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price increased by Bank of America from $75.00 to $83.00 in a report released on Tuesday morning, Benzinga reports. Bank of America currently has a neutral rating on the semiconductor company’s stock.

A number of other research firms also recently issued reports on LSCC. Stifel Nicolaus decreased their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a hold rating for the company in a report on Tuesday, February 13th. Susquehanna lifted their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a report on Tuesday. KeyCorp upped their price objective 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. Benchmark lifted their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Rosenblatt Securities restated a buy rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $83.36.

Lattice Semiconductor Trading Up 1.5 %

Shares of LSCC traded up $1.06 during trading hours on Tuesday, reaching $70.92. The stock had a trading volume of 1,426,598 shares, compared to its average volume of 2,186,429. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 45.46, a P/E/G ratio of 12.39 and a beta of 1.41. The firm has a 50-day simple moving average of $75.42 and a 200 day simple moving average of $68.80. Lattice Semiconductor has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. On average, equities analysts forecast that Lattice Semiconductor will post 0.8 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the transaction, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at $894,767.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,741 shares of company stock valued at $3,225,795. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LSCC. Van ECK Associates Corp increased its holdings in Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares during the period. Headlands Technologies LLC bought a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $26,000. GAMMA Investing LLC bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at approximately $28,000. American National Bank bought a new stake in Lattice Semiconductor in the fourth quarter valued at $28,000. Finally, Larson Financial Group LLC purchased a new position in Lattice Semiconductor during the 3rd quarter valued at $29,000. Institutional investors own 98.08% of the company’s stock.

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.