Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) Target Price at $83.36

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $83.36.

Several analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Robert W. Baird boosted their price target on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Stifel Nicolaus reduced their price objective on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Needham & Company LLC boosted their price objective on Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, KeyCorp upped their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $71.80 on Friday. The stock has a 50-day simple moving average of $75.30 and a 200 day simple moving average of $68.67. Lattice Semiconductor has a twelve month low of $51.96 and a twelve month high of $98.30. The stock has a market capitalization of $9.88 billion, a PE ratio of 46.03, a P/E/G ratio of 14.78 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, equities research analysts forecast that Lattice Semiconductor will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were 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 of the company’s stock, valued at approximately $9,281,394.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the transaction, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,741 shares of company stock valued at $3,225,795. 1.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of Lattice Semiconductor by 43.5% in the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after acquiring an additional 1,889,110 shares during the last quarter. Norges Bank bought a new position in Lattice Semiconductor in the 4th quarter worth approximately $98,684,000. William Blair Investment Management LLC acquired a new position in Lattice Semiconductor during the 3rd quarter worth $122,597,000. FMR LLC boosted its position in Lattice Semiconductor by 5.9% in the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock valued at $1,245,356,000 after buying an additional 807,562 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in shares of Lattice Semiconductor by 6.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after buying an additional 611,550 shares during the period. Institutional investors own 98.08% of the company’s stock.

About Lattice Semiconductor

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.