Lattice Semiconductor (NASDAQ:LSCC) Given New $65.00 Price Target at Benchmark

Lattice Semiconductor (NASDAQ:LSCC) had its price target upped by Benchmark from $55.00 to $65.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

LSCC has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus upped their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. KeyCorp increased their price objective on Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Robert W. Baird raised their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Susquehanna raised their price target on Lattice Semiconductor from $55.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $58.64 on Tuesday. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69. The business’s 50 day moving average price is $57.83 and its two-hundred day moving average price is $52.99. The firm has a market cap of $8.09 billion, a PE ratio of 56.93 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Research analysts predict that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Pravin Desale sold 1,096 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $22,827.10. This trade represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock worth $596,502 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of LSCC. UMB Bank n.a. increased its position in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Lattice Semiconductor during the fourth quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 340 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 370 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Lattice Semiconductor during the third quarter valued at approximately $53,000. Hedge funds and other 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.