Susquehanna Increases Lattice Semiconductor (NASDAQ:LSCC) Price Target to $85.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price hoisted by Susquehanna from $78.00 to $85.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price indicates a potential upside of 26.51% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Benchmark increased their price target on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Needham & Company LLC reissued a “buy” rating and set a $75.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Stifel Nicolaus dropped their price target on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Finally, KeyCorp raised their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $83.36.

Lattice Semiconductor Stock Down 2.1 %

Shares of Lattice Semiconductor stock opened at $67.19 on Tuesday. The stock’s fifty day moving average is $75.60 and its two-hundred day moving average is $68.83. The company has a market capitalization of $9.24 billion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 17.35 and a beta of 1.38. Lattice Semiconductor has a 52 week low of $51.96 and a 52 week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 29.20% and a net margin of 31.42%. The company had revenue of $170.60 million for the quarter, compared to the consensus estimate of $176.15 million. During the same quarter in the prior year, the company posted $0.38 EPS. Lattice Semiconductor’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, research analysts anticipate that Lattice Semiconductor will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor 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 completion of the transaction, the senior vice president now directly owns 11,908 shares in the company, valued at $894,767.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 directly owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 11,908 shares in the company, valued at $894,767.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,741 shares of company stock worth $3,225,795. 1.19% of the stock is owned by insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors have recently bought and sold shares of LSCC. Van ECK Associates Corp lifted its position in Lattice Semiconductor by 95.1% during the fourth 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 purchased a new position in Lattice Semiconductor during the third quarter worth approximately $26,000. GAMMA Investing LLC purchased a new position in Lattice Semiconductor during the fourth quarter worth approximately $28,000. American National Bank purchased a new position in Lattice Semiconductor during the fourth quarter worth approximately $28,000. Finally, Larson Financial Group LLC purchased a new stake in Lattice Semiconductor in the third quarter valued at $29,000. 98.08% of the stock is owned by institutional investors and hedge funds.

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.