Benchmark Raises Lattice Semiconductor (NASDAQ:LSCC) Price Target to $85.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective boosted by Benchmark from $80.00 to $85.00 in a report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on LSCC. Rosenblatt Securities reaffirmed a buy rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Susquehanna lifted their price target on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research note on Tuesday. Stifel Nicolaus reduced their price objective on Lattice Semiconductor from $70.00 to $67.00 and set a hold rating for the company in a research note on Tuesday, February 13th. KeyCorp lifted their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an overweight rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC increased their target price on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the company a buy rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $83.36.

Lattice Semiconductor Price Performance

LSCC opened at $70.92 on Tuesday. The firm has a fifty day moving average price of $75.42 and a 200 day moving average price of $68.80. Lattice Semiconductor has a 1 year low of $51.96 and a 1 year high of $98.30. The stock has a market cap of $9.76 billion, a P/E ratio of 45.46, a P/E/G ratio of 12.39 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The business 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 company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. Equities analysts expect that Lattice Semiconductor will post 0.8 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available at this link. In related news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the sale, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the transaction, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at $894,767.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,741 shares of company stock worth $3,225,795. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted 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 worth $25,000 after buying an additional 174 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Lattice Semiconductor in the third quarter valued at $26,000. GAMMA Investing LLC purchased a new position in Lattice Semiconductor in the fourth quarter valued at $28,000. American National Bank acquired a new position in Lattice Semiconductor during the 4th quarter worth $28,000. Finally, Larson Financial Group LLC purchased a new stake in Lattice Semiconductor during the 3rd quarter worth about $29,000. 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.