Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $65.17 Average Target Price from Brokerages

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $65.17.

A number of brokerages recently commented on LSCC. TD Cowen decreased their target price on shares of Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday, July 30th. Stifel Nicolaus cut their price target on shares of Lattice Semiconductor from $67.00 to $55.00 and set a “hold” rating on the stock in a report on Tuesday, July 30th. Susquehanna cut their price target on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. Finally, Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $42.49 on Friday. The firm’s fifty day moving average price is $51.82 and its 200-day moving average price is $64.64. The stock has a market cap of $5.85 billion, a P/E ratio of 27.41 and a beta of 1.38. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $92.94.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. On average, analysts predict that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insider Activity

In other news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC boosted its stake in Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after acquiring an additional 294,290 shares in the last quarter. Ariadne Wealth Management LP purchased a new position in Lattice Semiconductor in the second quarter worth about $2,090,000. Cetera Investment Advisers raised its holdings in Lattice Semiconductor by 280.3% in the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock worth $1,041,000 after buying an additional 13,236 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Lattice Semiconductor by 27.0% in the second quarter. Mackenzie Financial Corp now owns 34,292 shares of the semiconductor company’s stock worth $1,989,000 after buying an additional 7,291 shares during the last quarter. Finally, MBB Public Markets I LLC purchased a new position in Lattice Semiconductor in the second quarter worth about $565,000. Institutional investors own 98.08% of the company’s stock.

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.