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

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) had its price objective boosted by Robert W. Baird from $42.00 to $50.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. Robert W. Baird's price objective suggests a potential downside of 4.69% from the stock's current price.

A number of other research firms have also recently weighed in on LSCC. KeyCorp boosted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Benchmark reiterated a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Rosenblatt Securities restated a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. Finally, Loop Capital began coverage on Lattice Semiconductor in a research report on Friday, April 4th. They issued a "buy" rating and a $85.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $65.54.

Lattice Semiconductor Stock Performance

LSCC stock opened at $52.46 on Tuesday. The company has a market capitalization of $7.22 billion, a PE ratio of 119.23, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. Lattice Semiconductor has a 52 week low of $34.69 and a 52 week high of $78.29. The company's 50-day simple moving average is $52.14 and its 200 day simple moving average is $55.45.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, analysts forecast that Lattice Semiconductor will post 0.65 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 2,890 shares of the business's stock in a transaction 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 approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE boosted its holdings in Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after purchasing an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lattice Semiconductor by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock valued at $53,217,000 after acquiring an additional 29,516 shares during the period. Compass Wealth Management LLC bought a new position in shares of Lattice Semiconductor in the 4th quarter worth approximately $1,324,000. Barclays PLC grew its position in 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 buying an additional 372,301 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 266 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

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.

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