Bank of America Raises Lattice Semiconductor (NASDAQ:LSCC) Price Target to $83.00

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) had its price objective hoisted by research analysts at Bank of America from $75.00 to $83.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor company's stock. Bank of America's price target suggests a potential upside of 20.99% from the stock's previous close.

A number of other analysts have also weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a "hold" rating on the stock in a research report on Tuesday, February 13th. Susquehanna raised their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the company a "positive" rating in a report on Tuesday. Needham & Company LLC lifted their price objective on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday. Benchmark increased their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, KeyCorp raised their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor has an average rating of "Moderate Buy" and an average price target of $83.36.

Lattice Semiconductor Stock Performance

LSCC stock traded down $8.26 during trading on Tuesday, hitting $68.60. 4,920,636 shares of the company's stock traded hands, compared to its average volume of 2,185,762. Lattice Semiconductor has a 52 week low of $51.96 and a 52 week high of $98.30. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 16.67 and a beta of 1.38. The business has a fifty day simple moving average of $75.77 and a 200 day simple moving average of $68.89.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The company had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm's revenue was down 3.0% on a year-over-year basis. Research analysts forecast that Lattice Semiconductor will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 23,006 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares of the company's stock, valued at approximately $9,281,394.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Jon Nelson sold 14,417 shares of the company's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the sale, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,741 shares of company stock worth $3,225,795. Company insiders own 1.19% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. AE Wealth Management LLC grew its stake in shares of Lattice Semiconductor by 39.7% during the 3rd quarter. AE Wealth Management LLC now owns 3,098 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 881 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Lattice Semiconductor by 23.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,300 shares of the semiconductor company's stock valued at $2,002,000 after buying an additional 4,400 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Lattice Semiconductor by 59.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,636 shares of the semiconductor company's stock valued at $570,000 after buying an additional 2,481 shares during the period. Xponance Inc. increased its holdings in Lattice Semiconductor by 3.5% in the third quarter. Xponance Inc. now owns 31,918 shares of the semiconductor company's stock valued at $2,743,000 after buying an additional 1,077 shares in the last quarter. Finally, Affinity Wealth Management LLC raised its position in shares of Lattice Semiconductor by 1.3% in the third quarter. Affinity Wealth Management LLC now owns 90,426 shares of the semiconductor company's stock worth $7,770,000 after acquiring an additional 1,202 shares during the period. 98.08% of the stock is currently owned by hedge funds and other 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.