Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $82.09 Consensus Price Target from Brokerages

Lattice Semiconductor Co. (NASDAQ:LSCC) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $82.09.

Several equities analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 target price (up from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Benchmark raised their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Susquehanna raised their target price on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $80.00 target price on shares of Lattice Semiconductor in a report on Tuesday, June 4th.

Insider Activity at Lattice Semiconductor

In related news, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sherri R. Luther sold 16,465 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total transaction of $1,185,150.70. Following the completion of the transaction, the chief financial officer now directly owns 109,116 shares in the company, valued at approximately $7,854,169.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,566 shares of company stock valued at $3,664,529. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors have recently modified their holdings of LSCC. Franklin Resources Inc. raised its position in shares of Lattice Semiconductor by 43.5% in the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after purchasing an additional 1,889,110 shares during the period. Norges Bank bought a new position in Lattice Semiconductor during the fourth quarter worth $98,684,000. Rokos Capital Management LLP increased its position in Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after acquiring an additional 1,141,230 shares during the period. William Blair Investment Management LLC increased its position in Lattice Semiconductor by 78.7% during the first quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock worth $195,179,000 after acquiring an additional 1,098,962 shares during the period. Finally, Artisan Partners Limited Partnership increased its position in Lattice Semiconductor by 6.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after acquiring an additional 611,550 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Trading Up 1.8 %

Lattice Semiconductor stock opened at $57.99 on Monday. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 12.62 and a beta of 1.44. The company’s 50-day moving average price is $67.47 and its two-hundred day moving average price is $70.26. Lattice Semiconductor has a 52 week low of $51.96 and a 52 week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $140.82 million for the quarter, compared to analysts’ expectations of $140.08 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. Research analysts expect that Lattice Semiconductor will post 0.68 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.