Lattice Semiconductor (LSCC) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Lattice Semiconductor (NASDAQ: LSCC):

• 12/11/2024 – Lattice Semiconductor had its price target raised by analysts at Robert W. Baird from $44.00 to $68.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Lattice Semiconductor had its price target raised by analysts at Stifel Nicolaus from $55.00 to $65.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Lattice Semiconductor had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $85.00 price target on the stock.
• 12/11/2024 – Lattice Semiconductor had its price target raised by analysts at Needham & Company LLC from $56.00 to $70.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Lattice Semiconductor had its price target lowered by analysts at Susquehanna from $65.00 to $55.00. They now have a “positive” rating on the stock.
• 11/5/2024 – Lattice Semiconductor had its price target lowered by analysts at KeyCorp from $60.00 to $54.00. They now have an “overweight” rating on the stock.
• 11/5/2024 – Lattice Semiconductor had its price target lowered by analysts at Raymond James from $55.00 to $52.00. They now have an “outperform” rating on the stock.
• 11/5/2024 – Lattice Semiconductor had its price target lowered by analysts at Robert W. Baird from $70.00 to $44.00. They now have an “outperform” rating on the stock.
• 11/5/2024 – Lattice Semiconductor had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $56.00 to $50.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Lattice Semiconductor had its price target lowered by analysts at TD Cowen from $60.00 to $50.00. They now have a “buy” rating on the stock.
• 11/4/2024 – Lattice Semiconductor had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $85.00 price target on the stock.

Lattice Semiconductor Trading Down 0.5 %

Shares of NASDAQ:LSCC opened at $58.26 on Friday. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 56.56 and a beta of 1.42. The firm’s 50-day moving average is $54.87 and its 200 day moving average is $53.80.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor’s quarterly revenue was down 33.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. As a group, equities analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This represents a 9.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,172 shares of company stock worth $490,534 in the last ninety days. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

A number of large investors have recently made changes to their positions in LSCC. Point72 Asset Management L.P. purchased a new stake in Lattice Semiconductor during the 3rd quarter worth approximately $49,297,000. Westfield Capital Management Co. LP purchased a new stake in shares of Lattice Semiconductor during the third quarter valued at $38,194,000. William Blair Investment Management LLC increased its position in shares of Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after acquiring an additional 668,132 shares during the period. Dimensional Fund Advisors LP raised its stake in Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after acquiring an additional 426,511 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Lattice Semiconductor by 319.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock valued at $26,535,000 after purchasing an additional 380,790 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

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.