Susquehanna Increases Lattice Semiconductor (NASDAQ:LSCC) Price Target to $70.00

Lattice Semiconductor (NASDAQ:LSCC) had its price target increased by analysts at Susquehanna from $55.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price points to a potential upside of 15.06% from the stock’s previous close.

LSCC has been the subject of a number of other research reports. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Raymond James dropped their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. KeyCorp upped their price objective on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen reduced their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Trading Up 2.9 %

NASDAQ:LSCC traded up $1.72 during mid-day trading on Wednesday, reaching $60.84. 676,121 shares of the stock were exchanged, compared to its average volume of 1,657,894. The business has a fifty day moving average price of $56.94 and a 200 day moving average price of $53.27. The firm has a market capitalization of $8.39 billion, a PE ratio of 59.16 and a beta of 1.41. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data 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 return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the company earned $0.41 EPS. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. On average, sell-side analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their position. 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. Company insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors have recently bought and sold shares of LSCC. Point72 Asset Management L.P. bought a new position in shares of Lattice Semiconductor during the 3rd quarter worth about $49,297,000. Westfield Capital Management Co. LP acquired a new stake in Lattice Semiconductor during the third quarter valued at approximately $38,194,000. Dimensional Fund Advisors LP grew its stake in shares of Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Lattice Semiconductor by 319.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after buying an additional 380,790 shares during the period. Finally, Barclays PLC boosted its stake in Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after buying an additional 372,301 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.