Lattice Semiconductor (NASDAQ:LSCC) PT Raised to $78.00

Lattice Semiconductor (NASDAQ:LSCCGet Rating) had its target price lifted by investment analysts at Cowen from $70.00 to $78.00 in a report issued on Tuesday, Stock Target Advisor reports. Cowen’s price target would suggest a potential upside of 19.87% from the stock’s previous close.

A number of other brokerages have also recently commented on LSCC. Susquehanna Bancshares raised Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $65.00 price target for the company in a research report on Tuesday, May 24th. Craig Hallum lowered their price target on Lattice Semiconductor from $60.00 to $55.00 in a research report on Thursday, May 5th. Cowen lifted their price target on Lattice Semiconductor from $70.00 to $78.00 in a research report on Tuesday. StockNews.com raised Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Finally, Susquehanna boosted their price objective on Lattice Semiconductor from $65.00 to $72.00 and gave the company a “maintains” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $74.88.

Lattice Semiconductor Stock Up 2.3 %

Shares of LSCC stock opened at $65.07 on Tuesday. Lattice Semiconductor has a 1-year low of $43.41 and a 1-year high of $85.45. The stock’s fifty day moving average price is $51.83 and its 200 day moving average price is $53.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.02 and a quick ratio of 2.30. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 67.08 and a beta of 1.21.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its earnings results on Monday, August 1st. The semiconductor company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. Lattice Semiconductor had a return on equity of 34.68% and a net margin of 23.20%. The firm had revenue of $161.37 million for the quarter, compared to the consensus estimate of $157.98 million. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. On average, research analysts expect that Lattice Semiconductor will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Krishna Rangasayee sold 31,256 shares of the company’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $53.82, for a total value of $1,682,197.92. Following the completion of the transaction, the director now owns 27,552 shares of the company’s stock, valued at approximately $1,482,848.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor news, VP Esam Elashmawi purchased 10,570 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, May 6th. The stock was bought at an average price of $46.95 per share, with a total value of $496,261.50. Following the acquisition, the vice president now owns 166,542 shares of the company’s stock, valued at approximately $7,819,146.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Krishna Rangasayee sold 31,256 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $53.82, for a total value of $1,682,197.92. Following the sale, the director now owns 27,552 shares of the company’s stock, valued at $1,482,848.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,694 shares of company stock valued at $6,753,440. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

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

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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