Lattice Semiconductor (NASDAQ:LSCC) PT Raised to $25.00 at Cowen

Lattice Semiconductor (NASDAQ:LSCC) had its target price lifted by Cowen from $23.00 to $25.00 in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Cowen’s price objective suggests a potential upside of 27.49% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $24.00 target price on shares of Lattice Semiconductor in a research report on Wednesday. Zacks Investment Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, October 30th. BidaskClub lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, November 30th. ValuEngine lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, William Blair assumed coverage on shares of Lattice Semiconductor in a research report on Tuesday, December 3rd. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.83.

Shares of NASDAQ LSCC opened at $19.61 on Wednesday. The firm has a 50 day moving average of $19.18 and a 200 day moving average of $17.76. The company has a current ratio of 2.94, a quick ratio of 2.20 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 89.14, a price-to-earnings-growth ratio of 3.37 and a beta of 1.32. Lattice Semiconductor has a 12-month low of $6.18 and a 12-month high of $21.58.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Tuesday, October 29th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $103.47 million during the quarter, compared to analyst estimates of $103.06 million. Lattice Semiconductor had a net margin of 5.60% and a return on equity of 18.64%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. Sell-side analysts predict that Lattice Semiconductor will post 0.45 EPS for the current year.

In related news, VP Stephen Douglass sold 13,298 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $19.66, for a total transaction of $261,438.68. Following the completion of the transaction, the vice president now owns 39,890 shares in the company, valued at $784,237.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Byron Wayne Milstead sold 71,400 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $19.36, for a total transaction of $1,382,304.00. Following the transaction, the vice president now owns 86,598 shares of the company’s stock, valued at approximately $1,676,537.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,847 shares of company stock valued at $1,939,991. 0.78% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of LSCC. KCL Capital L.P. raised its stake in Lattice Semiconductor by 28.6% during the third quarter. KCL Capital L.P. now owns 900,000 shares of the semiconductor company’s stock valued at $16,457,000 after purchasing an additional 200,000 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in Lattice Semiconductor by 13.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 40,281 shares of the semiconductor company’s stock valued at $737,000 after purchasing an additional 4,793 shares in the last quarter. Millennium Management LLC raised its stake in Lattice Semiconductor by 303.9% during the third quarter. Millennium Management LLC now owns 116,800 shares of the semiconductor company’s stock valued at $2,135,000 after purchasing an additional 87,880 shares in the last quarter. Squarepoint Ops LLC raised its stake in Lattice Semiconductor by 99.6% during the third quarter. Squarepoint Ops LLC now owns 207,206 shares of the semiconductor company’s stock valued at $3,789,000 after purchasing an additional 103,408 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Lattice Semiconductor by 126.4% during the third quarter. Voloridge Investment Management LLC now owns 31,749 shares of the semiconductor company’s stock valued at $581,000 after purchasing an additional 17,728 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

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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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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