Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) Target Price at $58.42

Lattice Semiconductor Co. (NASDAQ:LSCC) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $58.42.

LSCC has been the topic of several research analyst reports. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, September 17th. Raymond James dropped their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. KeyCorp dropped their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Monday, November 4th.

Lattice Semiconductor Stock Up 0.6 %

Shares of NASDAQ LSCC opened at $56.32 on Thursday. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The stock’s 50 day moving average price is $52.52 and its 200-day moving average price is $55.27. The company has a market capitalization of $7.77 billion, a PE ratio of 54.68 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s revenue was down 33.9% compared to the same quarter last year. As a group, research analysts expect that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction 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. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,226 shares of company stock valued at $314,838. 1.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LSCC. American National Bank & Trust increased its stake in Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 709 shares during the last quarter. West Oak Capital LLC grew its stake in shares of Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares during the last quarter. Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor during the third quarter valued at about $53,000. Blue Trust Inc. grew its stake in shares of Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 748 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 407 shares during the last quarter. 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.