Robert W. Baird Increases Lattice Semiconductor (NASDAQ:LSCC) Price Target to $50.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective lifted by research analysts at Robert W. Baird from $42.00 to $50.00 in a research report issued on Tuesday, MarketBeat.com reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Robert W. Baird’s price target indicates a potential upside of 2.92% from the company’s previous close.

LSCC has been the topic of several other research reports. TD Cowen lifted their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday. Loop Capital began coverage on shares of Lattice Semiconductor in a report on Friday, April 4th. They issued a “buy” rating and a $85.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and set a $72.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Finally, Susquehanna boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.93.

Lattice Semiconductor Stock Performance

LSCC stock opened at $48.58 on Tuesday. The stock’s fifty day moving average is $51.60 and its two-hundred day moving average is $55.35. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 110.41, a PEG ratio of 3.03 and a beta of 1.60. Lattice Semiconductor has a 1 year low of $34.69 and a 1 year high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $120.15 million during the quarter, compared to analysts’ expectations of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Lattice Semiconductor’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, analysts predict that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after acquiring an additional 372,301 shares during the period. Tidal Investments LLC grew its position in Lattice Semiconductor by 2.0% during the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after purchasing an additional 224 shares in the last quarter. GAMMA Investing LLC increased its stake in Lattice Semiconductor by 27.9% in the 4th quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 594 shares during the period. Oak Thistle LLC purchased a new stake in Lattice Semiconductor in the 4th quarter worth approximately $804,000. Finally, Park Avenue Securities LLC boosted its stake in shares of Lattice Semiconductor by 19.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 796 shares during the period. 98.08% of the stock is 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.