Lattice Semiconductor (NASDAQ:LSCC) Price Target Increased to $85.00 by Analysts at Susquehanna

Lattice Semiconductor (NASDAQ:LSCC) had its price objective lifted by Susquehanna from $78.00 to $85.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

LSCC has been the topic of a number of other reports. Rosenblatt Securities reaffirmed a buy rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. Stifel Nicolaus reduced their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a research note on Tuesday, February 13th. Benchmark boosted their price target on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the company a buy rating in a research note on Tuesday, January 2nd. KeyCorp boosted their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC restated a buy rating and issued a $75.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Lattice Semiconductor currently has an average rating of Moderate Buy and a consensus price target of $83.36.

Lattice Semiconductor Stock Down 10.7 %

Shares of NASDAQ LSCC opened at $68.60 on Tuesday. The company’s 50-day simple moving average is $75.70 and its 200-day simple moving average is $68.84. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 16.67 and a beta of 1.38. 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 results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm had revenue of $170.60 million for the quarter, compared to the consensus estimate of $176.15 million. During the same period last year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts anticipate that Lattice Semiconductor will post 0.8 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of 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 legal filing with the SEC, which can be accessed through this link. In other news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the transaction, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the transaction, the senior vice president now directly owns 11,908 shares in the company, valued at $894,767.12. The disclosure for this sale can be found here. Insiders sold a total of 43,741 shares of company stock worth $3,225,795 in the last 90 days. 1.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Lattice Semiconductor by 5.9% during the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after purchasing an additional 807,562 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Lattice Semiconductor by 6.8% during the 4th 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. Franklin Resources Inc. lifted its holdings in shares of Lattice Semiconductor by 43.5% during the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after acquiring an additional 1,889,110 shares during the period. Invesco Ltd. lifted its holdings in shares of Lattice Semiconductor by 7.5% during the 3rd quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock worth $413,708,000 after acquiring an additional 335,564 shares during the period. Finally, Robeco Schweiz AG lifted its holdings in shares of Lattice Semiconductor by 9.5% during the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after acquiring an additional 132,000 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

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.