Lattice Semiconductor (NASDAQ:LSCC) had its target price boosted by equities research analysts at Susquehanna Bancshares from $25.00 to $32.00 in a research note issued to investors on Tuesday, The Fly reports. Susquehanna Bancshares' price target suggests a potential upside of 14.04% from the stock's current price.
A number of other equities research analysts have also issued reports on the company. Benchmark lifted their target price on Lattice Semiconductor from $23.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, June 4th. Cowen lifted their price objective on shares of Lattice Semiconductor from $27.00 to $33.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. TheStreet cut shares of Lattice Semiconductor from a "b-" rating to a "c+" rating in a report on Tuesday, April 28th. BidaskClub raised shares of Lattice Semiconductor from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Dougherty & Co restated a "buy" rating on shares of Lattice Semiconductor in a research note on Thursday, April 30th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Lattice Semiconductor currently has an average rating of "Buy" and a consensus target price of $25.71.
Shares of LSCC stock traded up $0.76 on Tuesday, hitting $28.06. The stock had a trading volume of 31,324 shares, compared to its average volume of 1,569,748. The company has a current ratio of 3.40, a quick ratio of 2.88 and a debt-to-equity ratio of 0.56. Lattice Semiconductor has a twelve month low of $13.54 and a twelve month high of $28.89. The company has a fifty day moving average price of $25.72 and a two-hundred day moving average price of $20.91. The firm has a market cap of $3.78 billion, a P/E ratio of 87.63, a PEG ratio of 7.87 and a beta of 1.27.
Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Tuesday, April 28th. The semiconductor company reported $0.15 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.01. Lattice Semiconductor had a net margin of 10.97% and a return on equity of 20.60%. The firm had revenue of $97.32 million during the quarter, compared to analyst estimates of $98.29 million. During the same period in the prior year, the business earned $0.11 EPS. The company's revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts expect that Lattice Semiconductor will post 0.35 earnings per share for the current year.
In related news, VP Stephen Douglass sold 1,328 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $21.00, for a total value of $27,888.00. Following the sale, the vice president now owns 38,337 shares in the company, valued at approximately $805,077. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.24% of the company's stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in Lattice Semiconductor by 177.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,728,655 shares of the semiconductor company's stock valued at $52,226,000 after acquiring an additional 1,744,133 shares during the last quarter. Norges Bank acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $33,195,000. Standard Life Aberdeen plc acquired a new position in Lattice Semiconductor in the 4th quarter valued at about $28,366,000. Franklin Resources Inc. grew its stake in shares of Lattice Semiconductor by 35.7% in the 1st quarter. Franklin Resources Inc. now owns 4,164,161 shares of the semiconductor company's stock valued at $74,206,000 after buying an additional 1,095,783 shares during the period. Finally, Robecosam AG acquired a new stake in shares of Lattice Semiconductor during the 1st quarter worth approximately $18,743,000.
Lattice Semiconductor Company Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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