Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $58.42 Consensus Price Target from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $58.42.

LSCC has been the subject of a number of recent analyst reports. Robert W. Baird dropped their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Susquehanna lowered their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, September 17th. Finally, Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their target price for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. American National Bank & Trust boosted its holdings in shares of Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 709 shares in the last quarter. West Oak Capital LLC increased its stake in shares of Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new stake in Lattice Semiconductor in the third quarter valued at $53,000. Blue Trust Inc. raised its stake in Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after buying an additional 748 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Lattice Semiconductor by 105.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 748 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Up 6.0 %

Shares of LSCC opened at $57.48 on Thursday. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 56.86 and a beta of 1.39. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The stock’s 50-day moving average price is $52.20 and its 200 day moving average price is $55.45.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Equities research analysts expect that Lattice Semiconductor will post 0.54 EPS 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.