Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) Price Target at $58.42

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $58.42.

A number of research analysts have commented on LSCC shares. Needham & Company LLC restated a “buy” rating and set a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. TD Cowen lowered their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, KeyCorp cut their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in LSCC. American National Bank & Trust boosted its position in shares of Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares in the last quarter. West Oak Capital LLC lifted its holdings in Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management acquired a new position in Lattice Semiconductor in the third quarter valued at about $53,000. Blue Trust Inc. increased its holdings in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Lattice Semiconductor by 105.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 748 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Trading Up 3.7 %

Shares of LSCC stock opened at $54.21 on Thursday. The company has a market capitalization of $7.48 billion, a P/E ratio of 52.63 and a beta of 1.39. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69. The stock has a 50 day moving average of $52.20 and a two-hundred day moving average of $55.66.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. Sell-side analysts predict that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

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.