Lattice Semiconductor (NASDAQ:LSCC) Price Target Increased to $110.00 by Analysts at Rosenblatt Securities

Posted by Defense World Staff on Feb 15th, 2023

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) had its target price upped by Rosenblatt Securities from $95.00 to $110.00 in a report released on Tuesday, The Fly reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also commented on LSCC. Benchmark raised their price target on shares of Lattice Semiconductor from $65.00 to $95.00 and gave the company a buy rating in a research note on Tuesday. Susquehanna Bancshares raised their price target on shares of Lattice Semiconductor from $72.00 to $75.00 in a research note on Tuesday, November 15th. KeyCorp raised their price target on shares of Lattice Semiconductor from $80.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday. Susquehanna raised their price target on shares of Lattice Semiconductor from $75.00 to $95.00 and gave the company a positive rating in a research note on Tuesday. Finally, Stifel Nicolaus raised their price target on shares of Lattice Semiconductor from $60.00 to $71.00 and gave the company a hold rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $85.44.

Lattice Semiconductor Price Performance

LSCC opened at $89.27 on Tuesday. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 80.42 and a beta of 1.34. Lattice Semiconductor has a fifty-two week low of $43.41 and a fifty-two week high of $90.46. The company’s 50-day moving average price is $72.37 and its 200 day moving average price is $62.44. The company has a quick ratio of 2.23, a current ratio of 3.09 and a debt-to-equity ratio of 0.34.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last released its quarterly earnings data on Monday, February 13th. The semiconductor company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Lattice Semiconductor had a net margin of 24.83% and a return on equity of 38.63%. The firm had revenue of $175.96 million for the quarter, compared to analyst estimates of $174.73 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. Lattice Semiconductor’s quarterly revenue was up 24.1% on a year-over-year basis. As a group, sell-side analysts expect that Lattice Semiconductor will post 1.37 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Sherri R. Luther sold 10,099 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $64.71, for a total transaction of $653,506.29. Following the completion of the sale, the chief financial officer now directly owns 122,520 shares in the company, valued at $7,928,269.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Sherri R. Luther sold 10,099 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $64.71, for a total transaction of $653,506.29. Following the completion of the sale, the chief financial officer now directly owns 122,520 shares in the company, valued at $7,928,269.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Glenn O’rourke sold 4,790 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $70.70, for a total transaction of $338,653.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,140 shares of company stock worth $5,028,364. 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. West Oak Capital LLC acquired a new position in Lattice Semiconductor in the 3rd quarter worth approximately $25,000. First Horizon Advisors Inc. boosted its stake in Lattice Semiconductor by 47.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 643 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 206 shares during the period. Belpointe Asset Management LLC acquired a new position in Lattice Semiconductor in the 4th quarter worth approximately $36,000. Stephens Inc. AR acquired a new position in Lattice Semiconductor in the 3rd quarter worth approximately $37,000. Finally, Parallel Advisors LLC lifted its position in Lattice Semiconductor by 55.5% in the 2nd quarter. Parallel Advisors LLC now owns 838 shares of the semiconductor company’s stock worth $41,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 97.09% of the company’s stock.

About Lattice Semiconductor

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Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets.