Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) Price Target at $66.25

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $66.25.

LSCC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James dropped their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. TD Cowen cut their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Benchmark raised their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th.

Lattice Semiconductor Stock Down 3.2 %

NASDAQ LSCC opened at $60.32 on Friday. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The business has a 50 day moving average price of $59.02 and a two-hundred day moving average price of $54.69. The stock has a market cap of $8.31 billion, a PE ratio of 137.09, a P/E/G ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Sell-side analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Activity

In related news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Friday, December 6th. The stock was 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 in the company, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,686 shares of company stock valued at $1,118,722. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LSCC. Sterling Capital Management LLC raised its holdings in shares of Lattice Semiconductor by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 163 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Lattice Semiconductor by 15.3% during the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 190 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after buying an additional 224 shares during the period. CIBC Asset Management Inc lifted its holdings in Lattice Semiconductor by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after acquiring an additional 231 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares in the last quarter. 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.