Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $63.15 Average Target Price from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $63.15.

A number of brokerages have weighed in on LSCC. Robert W. Baird raised their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Loop Capital decreased their price objective on Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Susquehanna raised their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Rosenblatt Securities restated a “buy” rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Raymond James restated an “outperform” rating and issued a $64.00 price objective (down previously from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $50.46 on Thursday. Lattice Semiconductor has a 1 year low of $34.69 and a 1 year high of $78.29. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 114.68, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. The business’s 50 day moving average price is $50.28 and its 200-day moving average price is $55.34.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue was down 14.7% on a year-over-year basis. On average, sell-side analysts expect that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the sale, the director now directly owns 8,084 shares of the company’s stock, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,490 shares of company stock worth $777,363 in the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of LSCC. Allworth Financial LP grew its position in Lattice Semiconductor by 65.7% in the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 222 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Lattice Semiconductor by 209.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 410 shares in the last quarter. Summit Securities Group LLC acquired a new position in Lattice Semiconductor in the 1st quarter valued at about $32,000. UMB Bank n.a. grew its position in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in Lattice Semiconductor in the 4th quarter valued at about $38,000. 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.