Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) had its price target upped by equities research analysts at Robert W. Baird from $44.00 to $68.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the semiconductor company's stock. Robert W. Baird's target price indicates a potential upside of 7.92% from the company's previous close.

Several other brokerages also recently weighed in on LSCC. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, November 4th. Needham & Company LLC restated a "buy" rating and set a $61.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Raymond James dropped their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Benchmark restated a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Finally, TD Cowen lowered their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have given 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 $62.00.

Lattice Semiconductor Price Performance

LSCC stock traded up $3.53 during midday trading on Wednesday, hitting $63.01. 2,520,532 shares of the stock traded hands, compared to its average volume of 2,372,715. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The stock's fifty day simple moving average is $53.50 and its 200-day simple moving average is $54.19. The firm has a market cap of $8.69 billion, a P/E ratio of 61.49 and a beta of 1.42.

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

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now owns 365 shares of the company's stock, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares of the company's stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,076 shares of company stock valued at $421,990 in the last three months. 1.19% of the stock is currently owned by insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American National Bank & Trust raised its position in Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC lifted its stake in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management purchased a new position in Lattice Semiconductor during the 3rd quarter valued at about $53,000. Blue Trust Inc. grew its position in Lattice Semiconductor by 186.5% in the 2nd 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock worth $89,000 after purchasing an additional 407 shares during the period. 98.08% of the stock is currently owned by hedge funds and other 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.