Lattice Semiconductor (NASDAQ:LSCC) PT Raised to $72.00

Lattice Semiconductor (NASDAQ:LSCCGet Rating) had its target price boosted by stock analysts at Susquehanna Bancshares from $65.00 to $72.00 in a report issued on Tuesday, Stock Target Advisor reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna Bancshares’ price objective would indicate a potential upside of 10.65% from the company’s current price.

Several other research analysts have also recently commented on the stock. Craig Hallum decreased their target price on shares of Lattice Semiconductor from $60.00 to $55.00 in a research report on Thursday, May 5th. StockNews.com upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Cowen increased their price objective on shares of Lattice Semiconductor from $70.00 to $78.00 in a report on Tuesday. Cowen increased their price objective on shares of Lattice Semiconductor from $70.00 to $78.00 in a report on Tuesday. Finally, Susquehanna increased their price objective on shares of Lattice Semiconductor from $65.00 to $72.00 and gave the company a “maintains” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $74.88.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $65.07 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 3.02 and a debt-to-equity ratio of 0.32. Lattice Semiconductor has a fifty-two week low of $43.41 and a fifty-two week high of $85.45. The firm has a 50-day simple moving average of $51.83 and a 200 day simple moving average of $53.79. The company has a market cap of $8.95 billion, a PE ratio of 67.08 and a beta of 1.21.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Lattice Semiconductor had a net margin of 23.20% and a return on equity of 34.68%. The business 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 revenue for the quarter was up 28.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Lattice Semiconductor will post 1.18 EPS for the current year.

Insider Activity at Lattice Semiconductor

In related news, Director Krishna Rangasayee sold 31,256 shares of the stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $53.82, for a total transaction of $1,682,197.92. Following the completion of the sale, the director now directly owns 27,552 shares of the company’s stock, 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 related news, CFO Sherri R. Luther sold 19,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $45.57, for a total value of $865,830.00. Following the completion of the sale, the chief financial officer now owns 138,951 shares in the company, valued at approximately $6,331,997.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Krishna Rangasayee sold 31,256 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $53.82, for a total transaction of $1,682,197.92. Following the completion of the sale, the director now owns 27,552 shares of the company’s stock, valued at approximately $1,482,848.64. The disclosure for this sale can be found here. Insiders sold a total of 136,694 shares of company stock valued at $6,753,440 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently made changes to their positions in LSCC. Robeco Schweiz AG lifted its position in shares of Lattice Semiconductor by 96.0% in the 1st quarter. Robeco Schweiz AG now owns 1,531,000 shares of the semiconductor company’s stock valued at $93,314,000 after acquiring an additional 750,000 shares in the last quarter. BlackRock Inc. lifted its position in shares of Lattice Semiconductor by 2.8% in the 4th 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. Neuberger Berman Group LLC increased its stake in Lattice Semiconductor by 8.8% in the 1st quarter. Neuberger Berman Group LLC now owns 6,493,614 shares of the semiconductor company’s stock valued at $395,792,000 after buying an additional 524,826 shares during the period. Goldman Sachs Group Inc. increased its stake in Lattice Semiconductor by 36.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,899,298 shares of the semiconductor company’s stock valued at $115,762,000 after buying an additional 506,212 shares during the period. Finally, Invesco Ltd. increased its stake in Lattice Semiconductor by 7.2% in the 1st quarter. Invesco Ltd. now owns 7,011,859 shares of the semiconductor company’s stock valued at $427,372,000 after buying an additional 469,969 shares during the period. Hedge funds and other institutional investors own 95.25% of the company’s stock.

About Lattice Semiconductor

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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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