Analysts Set Lattice Semiconductor Co. (NASDAQ:LSCC) Target Price at $63.15

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $63.15.

LSCC has been the subject of several research analyst reports. Loop Capital reduced their price target on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a research report on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Raymond James reaffirmed an "outperform" rating and set a $64.00 price target (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, KeyCorp cut their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded down $1.48 during mid-day trading on Monday, hitting $49.53. The company's stock had a trading volume of 1,542,272 shares, compared to its average volume of 2,623,735. Lattice Semiconductor has a one year low of $34.69 and a one year high of $70.55. The company's fifty day simple moving average is $47.11 and its 200-day simple moving average is $54.79. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 112.57, a price-to-earnings-growth ratio of 3.03 and a beta of 1.53.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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%. The business's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. On average, sell-side analysts predict that Lattice Semiconductor will post 0.65 EPS for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, the senior vice president now owns 87,106 shares in the company, valued at $4,926,715.36. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the transaction, the director now directly owns 8,084 shares of the company's stock, valued at $420,610.52. This trade represents a 7.97% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company's stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its stake in Lattice Semiconductor by 65.7% in the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after buying an additional 410 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Lattice Semiconductor in the 1st quarter valued at $32,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $38,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 340 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

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.