Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) Price Target at $62.00

Lattice Semiconductor Co. (NASDAQ:LSCC) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $62.00.

LSCC has been the subject of several research analyst reports. KeyCorp decreased their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Susquehanna lowered their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC lifted their price target on Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Stifel Nicolaus increased their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Lattice Semiconductor Stock Down 0.7 %

NASDAQ:LSCC opened at $57.87 on Monday. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 56.19 and a beta of 1.42. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The firm has a 50 day moving average of $54.99 and a 200 day moving average of $53.64.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, analysts expect that Lattice Semiconductor will post 0.54 EPS 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 dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,172 shares of company stock worth $490,534. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several large investors have recently bought and sold shares of LSCC. Point72 Asset Management L.P. acquired a new position in Lattice Semiconductor in the 3rd quarter valued at $49,297,000. Westfield Capital Management Co. LP acquired a new stake in shares of Lattice Semiconductor in the third quarter valued at about $38,194,000. William Blair Investment Management LLC lifted its stake in shares of Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after buying an additional 668,132 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $63,456,000 after acquiring an additional 426,511 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Lattice Semiconductor by 319.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock valued at $26,535,000 after acquiring an additional 380,790 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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.