Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) Target Price at $66.25

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $66.25.

A number of equities analysts recently issued reports on the company. Stifel Nicolaus raised their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. KeyCorp boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Robert W. Baird raised their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, StockNews.com cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th.

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Lattice Semiconductor Trading Down 6.5 %

Shares of LSCC stock traded down $3.85 during trading hours on Wednesday, reaching $55.30. 2,480,252 shares of the company's stock were exchanged, compared to its average volume of 2,357,255. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $80.13. The stock has a market cap of $7.61 billion, a PE ratio of 125.68, a PEG ratio of 3.03 and a beta of 1.43. The stock's fifty day moving average price is $60.41 and its two-hundred day moving average price is $56.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, equities analysts expect that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares of the company's stock, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock valued at $943,026 in the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its position in Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock valued at $170,000 after purchasing an additional 163 shares during the period. Lindbrook Capital LLC increased its position in shares of Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock worth $81,000 after purchasing an additional 190 shares during the last quarter. Tidal Investments LLC raised its holdings in Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock valued at $592,000 after buying an additional 224 shares during the period. CIBC Asset Management Inc raised its holdings in Lattice Semiconductor by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after buying an additional 231 shares during the period. Finally, UMB Bank n.a. lifted 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 valued at $37,000 after buying an additional 266 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.