Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $82.09 Consensus PT from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $82.09.

Several research firms have recently commented on LSCC. Susquehanna boosted their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, June 4th. Benchmark increased their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Bank of America lifted their price target on Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Finally, Robert W. Baird upped their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th.

Lattice Semiconductor Stock Up 1.8 %

Shares of NASDAQ LSCC opened at $57.99 on Monday. Lattice Semiconductor has a twelve month low of $51.96 and a twelve month high of $98.30. The firm has a market cap of $7.98 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 12.30 and a beta of 1.44. The business has a fifty day simple moving average of $67.47 and a two-hundred day simple moving average of $70.19.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The firm had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. On average, research analysts expect that Lattice Semiconductor will post 0.68 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,566 shares of company stock worth $3,664,529. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of LSCC. Van ECK Associates Corp lifted its stake in Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares during the period. GAMMA Investing LLC purchased a new position in shares of Lattice Semiconductor during the fourth quarter worth $28,000. American National Bank acquired a new position in Lattice Semiconductor during the fourth quarter valued at $28,000. Rise Advisors LLC purchased a new stake in Lattice Semiconductor in the first quarter valued at $30,000. Finally, Principal Securities Inc. acquired a new stake in Lattice Semiconductor during the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.