Lattice Semiconductor (NASDAQ:LSCC) Price Target Increased to $70.00 by Analysts at Robert W. Baird

Lattice Semiconductor (NASDAQ:LSCC) had its price objective hoisted by Robert W. Baird from $60.00 to $70.00 in a research note published on Tuesday, Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on LSCC. Rosenblatt Securities reiterated a buy rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. Benchmark raised their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a buy rating in a research note on Tuesday. Susquehanna boosted their price objective on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research report on Tuesday. KeyCorp increased their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. Finally, Bank of America lifted their price target on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a neutral rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $83.36.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $68.60 on Tuesday. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 16.67 and a beta of 1.38. The business has a 50 day simple moving average of $75.70 and a 200 day simple moving average of $68.84. Lattice Semiconductor has a 52-week low of $51.96 and a 52-week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. On average, analysts predict that Lattice Semiconductor will post 0.8 EPS for the current year.

Insider Activity

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the transaction, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. Insiders sold a total of 43,741 shares of company stock valued at $3,225,795 over the last three months. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Lattice Semiconductor in the 3rd quarter valued at $26,000. Larson Financial Group LLC acquired a new stake in shares of Lattice Semiconductor during the third quarter worth $29,000. Van ECK Associates Corp boosted its position in shares of Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares during the period. Rise Advisors LLC acquired a new position in shares of Lattice Semiconductor in the first quarter valued at about $30,000. Finally, Heritage Wealth Advisors acquired a new position in shares of Lattice Semiconductor in the third quarter valued at about $33,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.