Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $66.25 Average Target Price from Brokerages

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

A number of equities analysts have weighed in on the company. Benchmark upped their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Robert W. Baird upped their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. KeyCorp upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus upped their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the sale, the senior vice president now directly owns 14,279 shares in the company, valued at $827,039.68. This represents a 11.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,686 shares of company stock worth $1,118,722. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. increased its stake 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 purchased a new position in Lattice Semiconductor during the 4th quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 370 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $62.62 on Friday. The stock’s 50-day simple moving average is $59.06 and its 200 day simple moving average is $54.83. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 142.32, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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 11.22% and a net margin of 12.00%. On average, research analysts forecast that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal 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.