Lattice Semiconductor (NASDAQ:LSCC) Price Target Raised to $83.00 at Bank of America

Lattice Semiconductor (NASDAQ:LSCC) had its price objective hoisted by Bank of America from $75.00 to $83.00 in a research note released on Tuesday, Benzinga reports. Bank of America currently has a neutral rating on the semiconductor company’s stock.

Several other analysts have also recently weighed in on the company. KeyCorp lifted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. Susquehanna raised their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research note on Tuesday. Needham & Company LLC raised their price objective on Lattice Semiconductor from $75.00 to $80.00 and gave the stock a buy rating in a research note on Tuesday. Stifel Nicolaus lowered their price objective on Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a research note on Tuesday, February 13th. Finally, Rosenblatt Securities restated a buy rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $83.36.

Lattice Semiconductor Trading Up 1.5 %

NASDAQ:LSCC opened at $70.92 on Tuesday. The stock has a market cap of $9.76 billion, a P/E ratio of 45.46, a PEG ratio of 12.39 and a beta of 1.41. The stock has a 50 day simple moving average of $75.42 and a 200 day simple moving average of $68.80. Lattice Semiconductor has a 1-year low of $51.96 and a 1-year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. As a group, sell-side analysts forecast that Lattice Semiconductor will post 0.8 EPS for the current year.

Insider Activity

In other news, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,741 shares of company stock worth $3,225,795. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ grew its position in Lattice Semiconductor by 33.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company’s stock worth $3,668,000 after acquiring an additional 10,650 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Lattice Semiconductor by 286.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after buying an additional 142,543 shares during the period. Amalgamated Bank lifted its holdings in Lattice Semiconductor by 8.7% during the 3rd quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock worth $9,278,000 after buying an additional 8,603 shares during the period. South Dakota Investment Council acquired a new position in Lattice Semiconductor during the 4th quarter worth about $1,397,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Lattice Semiconductor during the 3rd quarter worth about $530,000. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.