Stifel Nicolaus Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $65.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price upped by stock analysts at Stifel Nicolaus from $55.00 to $65.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 3.47% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Wednesday. TD Cowen reduced their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp reduced their target price on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Lattice Semiconductor Stock Up 5.6 %

NASDAQ:LSCC traded up $3.34 on Wednesday, reaching $62.82. 344,530 shares of the company’s stock traded hands, compared to its average volume of 2,363,080. The stock has a 50-day simple moving average of $53.50 and a 200-day simple moving average of $54.19. The firm has a market cap of $8.67 billion, a PE ratio of 61.49 and a beta of 1.42. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69.

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

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, 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 owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the sale, the senior vice president now owns 14,279 shares of the company’s stock, valued at $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,076 shares of company stock worth $421,990 over the last 90 days. Company insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Large investors have recently bought and sold shares of the business. American National Bank & Trust raised its stake in Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after buying an additional 709 shares in the last quarter. West Oak Capital LLC raised its stake in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after buying an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new position in Lattice Semiconductor in the third quarter worth approximately $53,000. Blue Trust Inc. raised its stake in 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 buying an additional 748 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after buying an additional 407 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

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.