Susquehanna Lowers Lattice Semiconductor (NASDAQ:LSCC) Price Target to $55.00

Lattice Semiconductor (NASDAQ:LSCC) had its price target dropped by stock analysts at Susquehanna from $65.00 to $55.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective points to a potential upside of 5.99% from the stock’s current price.

Several other analysts also recently weighed in on LSCC. Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Thursday, August 8th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. TD Cowen reduced their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $58.75.

Lattice Semiconductor Trading Down 0.7 %

Shares of LSCC stock opened at $51.89 on Tuesday. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The business’s 50 day moving average is $50.15 and its two-hundred day moving average is $57.27. The company has a market capitalization of $7.15 billion, a P/E ratio of 38.15 and a beta of 1.39.

Insider Activity at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of LSCC. Norden Group LLC grew its stake in Lattice Semiconductor by 43.4% in the first quarter. Norden Group LLC now owns 7,372 shares of the semiconductor company’s stock worth $577,000 after purchasing an additional 2,232 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Lattice Semiconductor by 5.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the semiconductor company’s stock worth $704,000 after acquiring an additional 500 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Lattice Semiconductor by 159.6% in the 1st quarter. Larson Financial Group LLC now owns 2,300 shares of the semiconductor company’s stock valued at $180,000 after acquiring an additional 1,414 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Lattice Semiconductor during the 1st quarter valued at approximately $2,276,000. Finally, Texas Permanent School Fund Corp raised its holdings in shares of Lattice Semiconductor by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 120,801 shares of the semiconductor company’s stock worth $9,450,000 after purchasing an additional 1,565 shares during the period. 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.