Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $80.00 at Needham & Company LLC

Lattice Semiconductor (NASDAQ:LSCC) had its target price lifted by Needham & Company LLC from $75.00 to $80.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities analysts have also weighed in on LSCC. KeyCorp raised their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an overweight rating in a research report on Tuesday, February 13th. Stifel Nicolaus cut their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a report on Tuesday, February 13th. Rosenblatt Securities reiterated a buy rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. Susquehanna raised their target price on Lattice Semiconductor from $78.00 to $85.00 and gave the company a positive rating in a report on Tuesday. Finally, Benchmark upped their price target on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a buy rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $83.36.

Lattice Semiconductor Stock Up 1.5 %

LSCC stock opened at $70.92 on Tuesday. The company has a 50 day moving average of $75.42 and a two-hundred day moving average of $68.80. Lattice Semiconductor has a 12-month low of $51.96 and a 12-month high of $98.30. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 12.39 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The firm had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. During the same quarter last year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, research analysts anticipate that Lattice Semiconductor will post 0.8 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In related 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 directly owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,741 shares of company stock worth $3,225,795. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Lattice Semiconductor by 33.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company’s stock valued at $3,668,000 after acquiring an additional 10,650 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Lattice Semiconductor by 286.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock valued at $13,571,000 after purchasing an additional 142,543 shares during the period. Amalgamated Bank lifted its position in shares of Lattice Semiconductor by 8.7% during the 3rd quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock worth $9,278,000 after buying an additional 8,603 shares during the period. South Dakota Investment Council acquired a new stake in Lattice Semiconductor in the 4th quarter valued at $1,397,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Lattice Semiconductor in the third quarter valued at $530,000. 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.