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

Lattice Semiconductor (NASDAQ:LSCC) had its target price increased by equities research analysts at Bank of America from $75.00 to $83.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Bank of America‘s target price points to a potential upside of 14.85% from the company’s previous close.

LSCC has been the topic of several other reports. Needham & Company LLC upped their target price on Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. Susquehanna lifted their target price on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday. Benchmark raised their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus dropped their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a report 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.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $83.36.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock traded down $4.59 during midday trading on Tuesday, reaching $72.27. The company’s stock had a trading volume of 2,055,585 shares, compared to its average volume of 2,150,760. 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 $9.94 billion, a P/E ratio of 39.08, a PEG ratio of 16.67 and a beta of 1.38. The stock’s 50-day simple moving average is $75.77 and its 200-day simple moving average is $68.89.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. During the same period last year, the firm posted $0.38 EPS. Lattice Semiconductor’s revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts expect that Lattice Semiconductor will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor 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 sale, the senior vice president now owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the transaction, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the sale, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock valued at $3,225,795 over the last ninety days. Insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. raised its position in Lattice Semiconductor by 43.5% in the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after purchasing an additional 1,889,110 shares during the period. Norges Bank purchased a new stake in Lattice Semiconductor in the 4th quarter valued at about $98,684,000. William Blair Investment Management LLC purchased a new stake in Lattice Semiconductor in the 3rd quarter valued at about $122,597,000. FMR LLC boosted its stake in Lattice Semiconductor by 5.9% during the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after buying an additional 807,562 shares during the period. Finally, Artisan Partners Limited Partnership increased its position in shares of Lattice Semiconductor by 6.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after acquiring an additional 611,550 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.