Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) had its target price upped by analysts at Stifel Nicolaus from $65.00 to $70.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target would suggest a potential upside of 9.21% from the stock's previous close.

Other analysts have also recently issued reports about the company. Susquehanna boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday. KeyCorp boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Robert W. Baird boosted their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Finally, TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $66.25.

Lattice Semiconductor Trading Up 1.1 %

Shares of Lattice Semiconductor stock traded up $0.71 during trading on Tuesday, reaching $64.10. The company's stock had a trading volume of 755,646 shares, compared to its average volume of 2,221,656. The stock has a 50-day moving average price of $58.00 and a two-hundred day moving average price of $53.14. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The stock has a market capitalization of $8.84 billion, a P/E ratio of 62.10 and a beta of 1.41.

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 analysts' consensus estimates 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, sell-side analysts anticipate that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the transaction, the senior vice president now directly owns 14,279 shares in the company, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the transaction, the senior vice president now owns 365 shares of the company's stock, valued at $22,827.10. This represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock valued at $596,502 in the last ninety days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the business. KP Management LLC grew its position in shares of Lattice Semiconductor by 50.0% in the 4th quarter. KP Management LLC now owns 45,000 shares of the semiconductor company's stock valued at $2,549,000 after purchasing an additional 15,000 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Lattice Semiconductor in the 4th quarter valued at approximately $52,000. Boothbay Fund Management LLC acquired a new position in Lattice Semiconductor during the 4th quarter worth approximately $273,000. Gilder Gagnon Howe & Co. LLC boosted its position in Lattice Semiconductor by 9.2% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 7,708 shares of the semiconductor company's stock worth $437,000 after acquiring an additional 652 shares during the last quarter. Finally, Two Sigma Securities LLC boosted its position in Lattice Semiconductor by 25.2% during the 4th quarter. Two Sigma Securities LLC now owns 5,133 shares of the semiconductor company's stock worth $291,000 after acquiring an additional 1,032 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.