Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, Benchmark Analyst Says

Lattice Semiconductor (NASDAQ:LSCC) had its price target boosted by Benchmark from $55.00 to $65.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other analysts also recently commented on LSCC. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Raymond James decreased their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. KeyCorp upped their price objective on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Stock Up 3.0 %

LSCC stock opened at $63.39 on Tuesday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 61.54 and a beta of 1.41. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69. The firm has a 50 day moving average of $57.88 and a two-hundred day moving average of $53.07.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. On average, research analysts expect that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the sale, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. This represents a 11.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock valued at $596,502 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in LSCC. UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 266 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of Lattice Semiconductor during the 4th quarter worth about $38,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor during the 3rd quarter worth about $53,000. 98.08% of the stock is owned by institutional investors.

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.