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

Lattice Semiconductor (NASDAQ:LSCC) had its price target increased by research analysts at Susquehanna from $55.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective would indicate a potential upside of 15.06% from the stock’s current price.

LSCC has been the topic of several other reports. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Needham & Company LLC upped their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Raymond James cut their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Lattice Semiconductor Stock Performance

LSCC traded up $1.72 on Wednesday, reaching $60.84. 676,121 shares of the company’s stock were exchanged, compared to its average volume of 1,657,894. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 59.16 and a beta of 1.41. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The company’s 50 day moving average is $56.94 and its 200-day moving average is $53.27.

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

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly 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. In the last three months, insiders have sold 11,022 shares of company stock worth $596,502. 1.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC grew its stake in shares of Lattice Semiconductor by 19.3% in the second 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 426,511 shares in the last quarter. Barclays PLC raised its stake in shares of Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Lattice Semiconductor during the third quarter valued at about $49,297,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Lattice Semiconductor by 2.6% during the third 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 in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.