Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) PT at $67.69

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $67.69.

LSCC has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. 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 report on Tuesday, February 11th. Benchmark upped their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. StockNews.com cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th.

Insider Buying and Selling

In other news, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares of the company's stock, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its holdings in Lattice Semiconductor by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock valued at $170,000 after buying an additional 163 shares during the period. Lindbrook Capital LLC increased its stake in Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after acquiring an additional 190 shares during the last quarter. Tidal Investments LLC raised its position in Lattice Semiconductor by 2.0% during the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock valued at $592,000 after purchasing an additional 224 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Lattice Semiconductor by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock worth $240,000 after purchasing an additional 231 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its holdings in shares of Lattice Semiconductor by 2.3% in the 1st quarter. Global X Japan Co. Ltd. now owns 11,441 shares of the semiconductor company's stock valued at $600,000 after purchasing an additional 252 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Trading Up 6.5 %

NASDAQ LSCC traded up $2.75 during trading on Friday, reaching $44.99. The company's stock had a trading volume of 1,153,643 shares, compared to its average volume of 2,561,415. The stock has a market capitalization of $6.19 billion, a PE ratio of 102.25, a PEG ratio of 3.03 and a beta of 1.64. Lattice Semiconductor has a 1-year low of $34.69 and a 1-year high of $78.85. The business has a 50-day moving average price of $55.23 and a 200-day moving average price of $55.57.

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

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.