Lattice Semiconductor Co. (NASDAQ:LSCC) Receives $62.00 Average Price Target from Analysts

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $62.00.

A number of equities analysts recently commented on LSCC shares. Stifel Nicolaus increased their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Robert W. Baird increased their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, TD Cowen cut their target price on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th.

Lattice Semiconductor Trading Up 0.0 %

LSCC stock traded up $0.01 during midday trading on Monday, reaching $63.46. The company had a trading volume of 2,313,921 shares, compared to its average volume of 2,364,474. The company has a 50 day moving average of $54.15 and a two-hundred day moving average of $53.90. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The company has a market capitalization of $8.76 billion, a P/E ratio of 60.12 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $127.05 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business's revenue for the quarter was down 33.9% on a year-over-year basis. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the sale, the senior vice president now owns 14,279 shares of the company's stock, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,172 shares of company stock worth $490,534 in the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Trading of Lattice Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Lattice Semiconductor during the second quarter worth $262,000. Swedbank AB boosted its position in shares of Lattice Semiconductor by 0.6% during the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company's stock valued at $3,120,000 after acquiring an additional 300 shares in the last quarter. Blue Trust Inc. increased its stake in Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 748 shares during the period. Raymond James & Associates raised its position in Lattice Semiconductor by 14.6% in the second quarter. Raymond James & Associates now owns 53,133 shares of the semiconductor company's stock worth $3,081,000 after purchasing an additional 6,764 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Lattice Semiconductor by 281.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 15,900 shares of the semiconductor company's stock worth $922,000 after purchasing an additional 11,732 shares during the period. 98.08% of the stock is currently owned by institutional investors.

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.