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

Lattice Semiconductor (NASDAQ:LSCC) had its target price raised by equities researchers at Susquehanna from $55.00 to $70.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective indicates a potential upside of 17.65% from the company’s current price.

A number of other equities analysts have also recently weighed in on LSCC. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. KeyCorp boosted their price target on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, TD Cowen lowered their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Lattice Semiconductor Trading Down 2.2 %

NASDAQ:LSCC opened at $59.50 on Wednesday. The company has a 50-day moving average of $57.27 and a 200-day moving average of $53.31. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 57.77 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted 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 firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. On average, research analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 1,096 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at approximately $22,827.10. This represents a 75.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares during the period. American National Bank & Trust boosted its holdings in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 709 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Lattice Semiconductor in the third quarter valued at about $53,000. Brooklyn Investment Group acquired a new position in shares of Lattice Semiconductor during the 3rd quarter worth about $89,000. Finally, GAMMA Investing LLC boosted its stake in 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 purchasing an additional 1,534 shares during the period. Institutional investors and hedge funds 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.