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

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $62.00.

LSCC has been the subject of a number of research reports. Benchmark reissued a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC lifted their price target on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. KeyCorp decreased their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

Lattice Semiconductor Stock Down 0.8 %

Shares of Lattice Semiconductor stock traded down $0.47 during trading on Friday, hitting $55.35. 1,703,616 shares of the company were exchanged, compared to its average volume of 1,687,219. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm has a 50 day moving average price of $56.50 and a 200 day moving average price of $53.43. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 53.74 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor's revenue was down 33.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. Analysts predict that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares of the company's stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 over the last ninety days. Company insiders own 1.80% of the company's stock.

Institutional Trading of Lattice Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of LSCC. Acadian Asset Management LLC purchased a new stake in shares of Lattice Semiconductor in the second quarter worth approximately $146,000. Prudential PLC bought a new stake in Lattice Semiconductor in the 2nd quarter valued at $801,000. Andra AP fonden increased its stake in Lattice Semiconductor by 22.7% during the second quarter. Andra AP fonden now owns 144,000 shares of the semiconductor company's stock valued at $8,351,000 after acquiring an additional 26,667 shares during the period. Daiwa Securities Group Inc. lifted its position in Lattice Semiconductor by 6.7% in the second quarter. Daiwa Securities Group Inc. now owns 9,600 shares of the semiconductor company's stock worth $557,000 after purchasing an additional 600 shares during the period. Finally, Qsemble Capital Management LP acquired a new stake in Lattice Semiconductor during the second quarter worth $1,002,000. Institutional investors and hedge funds 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.