Lattice Semiconductor (NASDAQ:LSCC) Price Target Cut to $65.00 by Analysts at Loop Capital

Key Points

• Loop Capital has reduced its price target for Lattice Semiconductor from $75.00 to $65.00, maintaining a "buy" rating, suggesting a potential upside of 20.44% from the previous close.
• Other analysts have given various price targets, with the consensus rating being a "Moderate Buy" and an average target price of $63.58.
• The company's latest revenue report showed earnings of $123.97 million, slightly above expectations, and earnings per share of $0.24, matching consensus estimates.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) had its price target cut by investment analysts at Loop Capital from $75.00 to $65.00 in a research note issued to investors on Tuesday, August 5th, Marketbeat reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Loop Capital's target price would indicate a potential upside of 2.64% from the stock's previous close.

A number of other equities research analysts have also commented on LSCC. Robert W. Baird increased their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. KeyCorp reduced their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.58.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $63.33 on Tuesday. The firm has a market cap of $8.67 billion, a PE ratio of 275.36, a price-to-earnings-growth ratio of 4.45 and a beta of 1.52. Lattice Semiconductor has a one year low of $34.69 and a one year high of $70.55. The stock's 50 day simple moving average is $52.19 and its 200 day simple moving average is $53.02.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. The business had revenue of $123.97 million for the quarter, compared to analyst estimates of $123.60 million. Lattice Semiconductor had a return on equity of 6.61% and a net margin of 6.47%. Lattice Semiconductor's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. As a group, equities analysts expect that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the transaction, the director owned 8,084 shares of the company's stock, valued at $420,610.52. This represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its stake in Lattice Semiconductor by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock worth $1,220,487,000 after buying an additional 478,440 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Lattice Semiconductor by 24.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,800,552 shares of the semiconductor company's stock worth $409,139,000 after buying an additional 1,517,395 shares during the period. Capital Research Global Investors raised its stake in Lattice Semiconductor by 10.6% during the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock worth $127,944,000 after buying an additional 216,617 shares during the period. Invesco Ltd. raised its stake in Lattice Semiconductor by 93.2% during the 1st quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company's stock worth $113,192,000 after buying an additional 1,040,804 shares during the period. Finally, TD Asset Management Inc raised its stake in Lattice Semiconductor by 5.7% during the 2nd quarter. TD Asset Management Inc now owns 1,817,854 shares of the semiconductor company's stock worth $89,057,000 after buying an additional 97,610 shares during the period. Institutional investors and hedge funds 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.