Benchmark Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $65.00

Lattice Semiconductor (NASDAQ:LSCC - Free Report) had its price objective raised by Benchmark from $55.00 to $65.00 in a research note released on Tuesday,Benzinga reports. Benchmark currently has a buy rating on the semiconductor company's stock.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC lifted their price target on Lattice Semiconductor from $56.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Stifel Nicolaus lifted 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. Robert W. Baird lifted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Susquehanna lifted their price target on Lattice Semiconductor from $55.00 to $70.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded Lattice Semiconductor from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Lattice Semiconductor presently has an average rating of "Moderate Buy" and an average target price of $66.25.

Lattice Semiconductor Price Performance

Shares of LSCC traded up $0.77 during mid-day trading on Tuesday, hitting $64.16. The stock had a trading volume of 755,646 shares, compared to its average volume of 2,221,656. The firm has a market cap of $8.85 billion, a P/E ratio of 62.10 and a beta of 1.41. The business has a fifty day moving average price of $58.00 and a 200-day moving average price of $53.14. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its 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 net margin of 25.48% and a return on equity of 16.84%. As a group, research analysts expect that Lattice Semiconductor will post 0.54 earnings per share 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 dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company's stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,022 shares of company stock worth $596,502. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of LSCC. UMB Bank n.a. lifted its stake in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 340 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $52,000. 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.