Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Lattice Semiconductor (NASDAQ:LSCC) had its target price boosted by equities research analysts at Needham & Company LLC from $56.00 to $70.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 12.07% from the stock’s previous close.

Several other equities analysts have also recently weighed in on LSCC. TD Cowen decreased their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James decreased their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, September 17th. Susquehanna reduced their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Finally, Robert W. Baird boosted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.00.

Lattice Semiconductor Trading Down 0.9 %

Shares of LSCC opened at $62.46 on Wednesday. The firm has a fifty day simple moving average of $53.94 and a 200 day simple moving average of $54.31. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 60.64 and a beta of 1.42.

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

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares in the company, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,076 shares of company stock worth $421,990 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds have recently made changes to their positions in LSCC. Tidal Investments LLC lifted its stake in shares of Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after acquiring an additional 224 shares during the last quarter. Swedbank AB raised its position in Lattice Semiconductor by 0.6% in the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock valued at $3,120,000 after purchasing an additional 300 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Lattice Semiconductor by 7.3% during the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 348 shares in the last quarter. Financial Advocates Investment Management grew its holdings in shares of Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 394 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 407 shares during the period. 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.