Cowen Increases Lattice Semiconductor (NASDAQ:LSCC) Price Target to $78.00

Lattice Semiconductor (NASDAQ:LSCCGet Rating) had its price objective raised by analysts at Cowen from $70.00 to $78.00 in a report issued on Tuesday, The Fly reports. Cowen’s price objective points to a potential upside of 19.87% from the stock’s previous close.

Other analysts have also issued research reports about the company. Susquehanna Bancshares upgraded Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $65.00 target price for the company in a report on Tuesday, May 24th. StockNews.com upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Susquehanna increased their target price on Lattice Semiconductor from $65.00 to $72.00 and gave the company a “maintains” rating in a report on Tuesday. Finally, Craig Hallum reduced their target price on Lattice Semiconductor from $60.00 to $55.00 in a report on Thursday, May 5th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $74.88.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $65.07 on Tuesday. Lattice Semiconductor has a one year low of $43.41 and a one year high of $85.45. The stock has a fifty day moving average of $51.83 and a 200-day moving average of $53.79. The company has a market capitalization of $8.95 billion, a PE ratio of 67.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.02.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Lattice Semiconductor had a return on equity of 34.68% and a net margin of 23.20%. The company had revenue of $161.37 million during the quarter, compared to the consensus estimate of $157.98 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. As a group, equities analysts anticipate that Lattice Semiconductor will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Glenn O’rourke sold 919 shares of the stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $49.10, for a total transaction of $45,122.90. Following the completion of the sale, the senior vice president now directly owns 31,702 shares in the company, valued at $1,556,568.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Lattice Semiconductor news, SVP Glenn O’rourke sold 919 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $49.10, for a total transaction of $45,122.90. Following the transaction, the senior vice president now directly owns 31,702 shares of the company’s stock, valued at $1,556,568.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Esam Elashmawi bought 10,570 shares of the stock in a transaction on Friday, May 6th. The shares were acquired at an average cost of $46.95 per share, for a total transaction of $496,261.50. Following the completion of the transaction, the vice president now directly owns 166,542 shares of the company’s stock, valued at $7,819,146.90. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 136,694 shares of company stock worth $6,753,440. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds have recently bought and sold shares of LSCC. National Bank of Canada FI acquired a new position in Lattice Semiconductor during the fourth quarter worth $60,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $4,310,000. State of New Jersey Common Pension Fund D grew its position in shares of Lattice Semiconductor by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 76,253 shares of the semiconductor company’s stock valued at $5,876,000 after purchasing an additional 559 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Lattice Semiconductor by 27.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 13,692 shares of the semiconductor company’s stock valued at $1,055,000 after purchasing an additional 2,933 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $5,484,000. 95.25% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Company Profile

(Get Rating)

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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