Lattice Semiconductor (NASDAQ:LSCC) Given New $70.00 Price Target at Susquehanna

Lattice Semiconductor (NASDAQ:LSCC) had its price objective upped by Susquehanna from $55.00 to $70.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

A number of other brokerages also recently issued reports on LSCC. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Stifel Nicolaus increased their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen lowered their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp raised their target price on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.58.

Lattice Semiconductor Stock Performance

LSCC stock opened at $60.86 on Wednesday. The firm has a fifty day moving average price of $57.06 and a 200 day moving average price of $53.26. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm has a market cap of $8.40 billion, a PE ratio of 59.09 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue was down 33.9% on a year-over-year basis. On average, equities analysts predict that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred 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 directly owns 13,909 shares in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock valued at $596,502 in the last three months. Company insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently made changes to their positions in LSCC. UMB Bank n.a. grew its holdings in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 266 shares in the last quarter. American National Bank & Trust lifted its position in shares of Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares during the period. Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $53,000. Brooklyn Investment Group purchased a new position in Lattice Semiconductor during the third quarter valued at approximately $89,000. Finally, GAMMA Investing LLC raised its stake in Lattice Semiconductor by 257.8% in the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock worth $113,000 after buying an additional 1,534 shares in the last quarter. Hedge funds and other 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.