Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $83.36 Average Target Price from Brokerages

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $83.36.

Several equities analysts have commented on the stock. Needham & Company LLC increased their price target on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. KeyCorp lifted their target price 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. Susquehanna increased their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research note on Tuesday, April 30th. Benchmark lifted their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, Bank of America raised their price target on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th.

Insider Activity

In other 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 value of $474,734.52. Following the completion of the transaction, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the transaction, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock valued at $3,225,795 in the last three months. 1.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in LSCC. FMR LLC raised its position in Lattice Semiconductor by 5.9% during the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after acquiring an additional 807,562 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Lattice Semiconductor by 6.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after purchasing an additional 611,550 shares during the last quarter. Franklin Resources Inc. lifted its stake in Lattice Semiconductor by 43.5% in the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after buying an additional 1,889,110 shares in the last quarter. Invesco Ltd. grew its holdings in Lattice Semiconductor by 7.5% during the 3rd quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock valued at $413,708,000 after buying an additional 335,564 shares during the last quarter. Finally, Robeco Schweiz AG increased its position in Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after buying an additional 132,000 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Up 0.9 %

Shares of NASDAQ:LSCC opened at $71.80 on Friday. The business has a 50-day moving average price of $75.30 and a 200 day moving average price of $68.67. Lattice Semiconductor has a 12-month low of $51.96 and a 12-month high of $98.30. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 46.03, a PEG ratio of 14.78 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The company had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts predict that Lattice Semiconductor will post 0.71 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.