Susquehanna Forecasts Strong Price Appreciation for Lattice Semiconductor (NASDAQ:LSCC) Stock

Lattice Semiconductor (NASDAQ:LSCC) had its target price boosted by Susquehanna from $55.00 to $70.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a positive rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the company. TD Cowen lowered their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lowered their target price 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. Robert W. Baird raised their price objective 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. Finally, Needham & Company LLC raised their price objective 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.58.

Lattice Semiconductor Stock Down 3.8 %

LSCC stock opened at $57.26 on Wednesday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The company has a fifty day simple moving average of $57.61 and a two-hundred day simple moving average of $53.32. The firm has a market capitalization of $7.90 billion, a P/E ratio of 55.59 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, analysts anticipate that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the sale, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. 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. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of large investors have recently bought and sold shares of LSCC. Clearbridge Investments LLC lifted its stake in shares of Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after purchasing an additional 294,290 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after acquiring an additional 426,511 shares during the last quarter. Barclays PLC raised its stake in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after buying an additional 372,301 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Lattice Semiconductor during the third quarter valued at about $49,297,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Lattice Semiconductor by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock valued at $48,287,000 after purchasing an additional 22,770 shares during the last quarter. 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.