Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $82.09 Average Target Price from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $82.09.

Several analysts have recently commented on the company. Benchmark raised their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Robert W. Baird lifted their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Susquehanna increased their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday, April 30th. Finally, Bank of America increased their target price on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th.

Insider Buying and Selling at Lattice Semiconductor

In other news, CEO James Robert Anderson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the sale, the chief executive officer now directly owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the transaction, the chief executive officer now owns 759,286 shares in the company, valued at approximately $57,037,564.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Glenn O’rourke sold 1,241 shares of Lattice Semiconductor stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total value of $92,504.14. Following the sale, the senior vice president now directly owns 12,084 shares in the company, valued at $900,741.36. The disclosure for this sale can be found here. Insiders have sold 49,566 shares of company stock valued at $3,664,529 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Lattice Semiconductor by 105.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 748 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Lattice Semiconductor by 131.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company’s stock valued at $35,265,000 after acquiring an additional 253,788 shares during the period. Swedbank AB acquired a new position in Lattice Semiconductor in the first quarter worth about $4,186,000. Virtu Financial LLC bought a new position in Lattice Semiconductor during the first quarter worth about $754,000. Finally, Rokos Capital Management LLP boosted its holdings in Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after purchasing an additional 1,141,230 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $56.53 on Monday. The company has a 50-day moving average of $67.88 and a two-hundred day moving average of $70.33. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 12.37 and a beta of 1.44. Lattice Semiconductor has a one year low of $51.96 and a one year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The firm had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. Analysts anticipate that Lattice Semiconductor will post 0.68 earnings per share for the current 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.