Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $82.09 Average Price Target from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $82.09.

Several equities research analysts have weighed in on LSCC shares. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Bank of America raised their price objective on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Benchmark restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, June 4th. Finally, StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th.

Lattice Semiconductor Trading Down 3.2 %

LSCC opened at $57.17 on Friday. Lattice Semiconductor has a 12 month low of $51.96 and a 12 month high of $98.30. The stock has a fifty day moving average price of $63.84 and a 200-day moving average price of $69.19. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 12.23 and a beta of 1.39.

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

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction 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 sale, the director now owns 1,920 shares in the company, valued at $132,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the sale, the director now owns 1,920 shares in the company, valued at $132,864. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sherri R. Luther sold 16,465 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total value of $1,185,150.70. Following the transaction, the chief financial officer now owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,566 shares of company stock worth $3,664,529. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of Lattice Semiconductor by 11.5% in the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 152 shares during the period. Van ECK Associates Corp raised its holdings in Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the period. State of Michigan Retirement System boosted its position in Lattice Semiconductor by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after purchasing an additional 200 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Lattice Semiconductor by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock valued at $4,457,000 after purchasing an additional 230 shares during the period. Finally, Covestor Ltd grew its holdings in Lattice Semiconductor by 16.1% in the first quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 266 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.