Lattice Semiconductor (NASDAQ:LSCC) Price Target Increased to $72.00 by Analysts at Susquehanna

Lattice Semiconductor (NASDAQ:LSCCGet Rating) had its target price boosted by Susquehanna from $65.00 to $72.00 in a report published on Tuesday, The Fly reports. The firm currently has a maintains rating on the semiconductor company’s stock.

A number of other research analysts have also issued reports on LSCC. Cowen dropped their target price on Lattice Semiconductor from $85.00 to $75.00 in a report on Wednesday, May 4th. Susquehanna Bancshares raised Lattice Semiconductor from a neutral rating to a positive rating and set a $65.00 target price on the stock in a report on Tuesday, May 24th. Craig Hallum decreased their price target on Lattice Semiconductor from $60.00 to $55.00 in a research note on Thursday, May 5th. Finally, StockNews.com upgraded Lattice Semiconductor from a hold rating to a buy rating in a research note on Wednesday, July 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $74.88.

Lattice Semiconductor Stock Up 2.5 %

LSCC stock opened at $63.59 on Tuesday. The company has a fifty day moving average price of $51.49 and a 200 day moving average price of $53.71. Lattice Semiconductor has a 12 month low of $43.41 and a 12 month high of $85.45. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 79.49 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.02 and a quick ratio of 2.30.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last released its quarterly earnings results on Monday, August 1st. The semiconductor company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $161.37 million during the quarter, compared to the consensus estimate of $157.98 million. Lattice Semiconductor had a net margin of 20.58% and a return on equity of 29.28%. Lattice Semiconductor’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. Sell-side analysts expect that Lattice Semiconductor will post 1.18 earnings per share for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Krishna Rangasayee sold 31,256 shares of the business’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $53.82, for a total transaction of $1,682,197.92. Following the sale, the director now directly owns 27,552 shares in the company, valued at $1,482,848.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lattice Semiconductor news, Director Krishna Rangasayee sold 31,256 shares of the business’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $53.82, for a total transaction of $1,682,197.92. Following the sale, the director now directly owns 27,552 shares in the company, valued at $1,482,848.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Stephen Douglass sold 2,512 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $51.90, for a total value of $130,372.80. Following the completion of the sale, the senior vice president now owns 115,279 shares in the company, valued at $5,982,980.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 248,954 shares of company stock worth $12,209,276. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Lattice Semiconductor by 2.8% in the fourth quarter. BlackRock Inc. now owns 21,633,746 shares of the semiconductor company’s stock valued at $1,667,096,000 after acquiring an additional 587,681 shares in the last quarter. Vanguard Group Inc. increased its stake in Lattice Semiconductor by 0.5% in the first quarter. Vanguard Group Inc. now owns 13,532,184 shares of the semiconductor company’s stock valued at $824,787,000 after purchasing an additional 71,477 shares during the last quarter. Invesco Ltd. increased its stake in Lattice Semiconductor by 7.2% in the first quarter. Invesco Ltd. now owns 7,011,859 shares of the semiconductor company’s stock valued at $427,372,000 after purchasing an additional 469,969 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Lattice Semiconductor by 8.8% in the first quarter. Neuberger Berman Group LLC now owns 6,493,614 shares of the semiconductor company’s stock valued at $395,792,000 after purchasing an additional 524,826 shares during the last quarter. Finally, State Street Corp increased its stake in Lattice Semiconductor by 3.1% in the first quarter. State Street Corp now owns 4,824,637 shares of the semiconductor company’s stock valued at $294,062,000 after purchasing an additional 145,678 shares during the last quarter. 95.25% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Company Profile

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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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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