Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $65.00 at Benchmark

Lattice Semiconductor (NASDAQ:LSCC) had its price objective increased by Benchmark from $55.00 to $65.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

LSCC has been the topic of several other research reports. Needham & Company LLC boosted their price target on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday. Susquehanna upped their target price on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus upped their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Raymond James lowered their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Trading Up 7.7 %

Shares of Lattice Semiconductor stock opened at $58.64 on Tuesday. The firm has a fifty day simple moving average of $57.83 and a 200-day simple moving average of $52.99. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 56.93 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. As a group, research analysts predict that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction 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 trade represents a 9.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of LSCC. TimesSquare Capital Management LLC lifted its holdings in shares of Lattice Semiconductor by 2,923.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after buying an additional 1,473,154 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Lattice Semiconductor in the third quarter worth $49,297,000. Westfield Capital Management Co. LP bought a new position in Lattice Semiconductor in the third quarter valued at about $38,194,000. Raymond James Financial Inc. bought a new position in Lattice Semiconductor in the fourth quarter valued at about $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock valued at $26,535,000 after acquiring an additional 380,790 shares during 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.