Lattice Semiconductor (NASDAQ:LSCC) PT Set at $65.00 by 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) has been assigned a $65.00 price objective by Loop Capital in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a "buy" rating on the semiconductor company's stock. Loop Capital's price objective would suggest a potential upside of 12.89% from the company's current price.

A number of other brokerages have also recently commented on LSCC. Needham & Company LLC restated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Raymond James Financial restated an "outperform" rating and issued a $64.00 price target (down previously from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Rosenblatt Securities restated a "buy" rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Finally, TD Cowen reduced their price target on Lattice Semiconductor from $62.00 to $57.00 and set a "buy" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average target price of $63.58.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $57.58 on Tuesday. The stock has a market cap of $7.92 billion, a PE ratio of 250.36, a price-to-earnings-growth ratio of 3.78 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 has a fifty day moving average of $50.91 and a 200 day moving average of $52.99.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. The company had revenue of $123.97 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, sell-side analysts predict that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,790 shares of the company's 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 completion of the transaction, the senior vice president owned 87,106 shares of the company's stock, valued at $4,926,715.36. This represents 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 hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the transaction, the director directly owned 8,084 shares of the company's stock, valued at approximately $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSCC. Price T Rowe Associates Inc. MD boosted its stake in Lattice Semiconductor by 291.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after buying an additional 4,676,100 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Lattice Semiconductor by 740.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company's stock valued at $76,843,000 after buying an additional 1,195,624 shares during the last quarter. Invesco Ltd. boosted its stake in Lattice Semiconductor by 93.2% during the first quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company's stock valued at $113,192,000 after buying an additional 1,040,804 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Lattice Semiconductor by 146.8% during the first quarter. Alliancebernstein L.P. now owns 1,440,083 shares of the semiconductor company's stock valued at $75,532,000 after buying an additional 856,568 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new position in Lattice Semiconductor during the fourth quarter valued at approximately $44,147,000. 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.