Susquehanna Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $72.00

Lattice Semiconductor (NASDAQ:LSCCGet Rating) had its price target increased by Susquehanna from $65.00 to $72.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

Several other research firms also recently commented on LSCC. StockNews.com upgraded shares of Lattice Semiconductor from a hold rating to a buy rating in a research note on Wednesday, July 13th. Cowen boosted their price target on shares of Lattice Semiconductor from $70.00 to $78.00 in a research report on Tuesday. Cowen upped their target price on shares of Lattice Semiconductor from $70.00 to $78.00 in a report on Tuesday. Craig Hallum reduced their target price on shares of Lattice Semiconductor from $60.00 to $55.00 in a report on Thursday, May 5th. Finally, Susquehanna Bancshares upped their target price on shares of Lattice Semiconductor from $65.00 to $72.00 and gave the company a positive rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of Moderate Buy and a consensus price target of $74.88.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $64.55 on Tuesday. Lattice Semiconductor has a 12 month low of $43.41 and a 12 month high of $85.45. The stock has a fifty day moving average price of $52.12 and a 200-day moving average price of $53.79. The company has a current ratio of 2.96, a quick ratio of 2.30 and a debt-to-equity ratio of 0.30. The firm has a market cap of $8.88 billion, a PE ratio of 66.55 and a beta of 1.21.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last issued its earnings results on Monday, August 1st. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Lattice Semiconductor had a return on equity of 34.11% and a net margin of 23.20%. The company had revenue of $161.37 million during the quarter, compared to analyst estimates of $157.98 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. Equities research analysts predict that Lattice Semiconductor will post 1.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 19,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $45.57, for a total transaction of $865,830.00. Following the transaction, the chief financial officer now directly owns 138,951 shares in the company, valued at $6,331,997.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 19,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $45.57, for a total transaction of $865,830.00. Following the transaction, the chief financial officer now directly owns 138,951 shares in the company, valued at $6,331,997.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Robert Anderson sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $49.72, for a total transaction of $1,491,600.00. Following the completion of the sale, the chief executive officer now owns 755,432 shares in the company, valued at $37,560,079.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,643 shares of company stock worth $6,813,332. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Lattice Semiconductor by 84.6% during the first quarter. Parallel Advisors LLC now owns 539 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 247 shares during the period. CWM LLC lifted its stake in shares of Lattice Semiconductor by 338.6% during the first quarter. CWM LLC now owns 557 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 430 shares during the period. Covestor Ltd purchased a new position in Lattice Semiconductor during the fourth quarter worth approximately $44,000. Meeder Asset Management Inc. purchased a new position in Lattice Semiconductor during the first quarter worth approximately $35,000. Finally, Prospera Financial Services Inc purchased a new position in Lattice Semiconductor during the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 95.25% of the company’s stock.

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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