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

Lattice Semiconductor (NASDAQ:LSCC) had its price objective raised by Susquehanna from $55.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on LSCC. KeyCorp increased their price target on Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen decreased their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC boosted their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Robert W. Baird boosted their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Lattice Semiconductor Stock Up 2.9 %

Shares of Lattice Semiconductor stock opened at $60.86 on Wednesday. The company has a market cap of $8.40 billion, a P/E ratio of 59.09 and a beta of 1.41. The firm’s 50 day moving average price is $57.06 and its 200-day moving average price is $53.26. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69.

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

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This represents a 11.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The shares were 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 approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. Company insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently modified their holdings of the company. UMB Bank n.a. increased its stake in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. American National Bank & Trust increased its position in shares of Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 709 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $53,000. Brooklyn Investment Group acquired a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $89,000. Finally, GAMMA Investing LLC lifted its position in shares of Lattice Semiconductor by 257.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 1,534 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.