Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Lattice Semiconductor (NASDAQ:LSCC) had its price target boosted by Stifel Nicolaus from $65.00 to $70.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 13.78% from the stock’s current price.

A number of other brokerages have also recently issued reports on LSCC. KeyCorp upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday. Raymond James decreased their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. Benchmark raised their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Robert W. Baird upped their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Price Performance

LSCC stock opened at $61.52 on Tuesday. The firm has a market capitalization of $8.49 billion, a P/E ratio of 59.73 and a beta of 1.41. The company’s 50 day simple moving average is $57.84 and its 200-day simple moving average is $53.01. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Sell-side analysts predict that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,022 shares of company stock valued at $596,502. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors have recently bought and sold shares of the business. ExodusPoint Capital Management LP acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at $414,000. Arete Wealth Advisors LLC bought a new stake in Lattice Semiconductor during the 4th quarter worth about $207,000. Geode Capital Management LLC increased its position in Lattice Semiconductor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after acquiring an additional 74,655 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Lattice Semiconductor by 66.4% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,194 shares of the semiconductor company’s stock worth $464,000 after acquiring an additional 3,270 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Lattice Semiconductor by 47.0% during the fourth quarter. Alliancebernstein L.P. now owns 583,515 shares of the semiconductor company’s stock worth $33,056,000 after purchasing an additional 186,689 shares in the last quarter. 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.