Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) had its target price reduced by investment analysts at Susquehanna from $95.00 to $75.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price indicates a potential upside of 37.34% from the stock’s current price.
LSCC has been the subject of several other reports. StockNews.com assumed coverage on Lattice Semiconductor in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Needham & Company LLC lowered their price objective on Lattice Semiconductor from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday. Bank of America lowered their price objective on Lattice Semiconductor from $95.00 to $90.00 in a research note on Tuesday, October 10th. TD Cowen increased their price objective on Lattice Semiconductor from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Finally, Benchmark increased their price objective on Lattice Semiconductor from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.67.
Read Our Latest Analysis on Lattice Semiconductor
Lattice Semiconductor Stock Down 1.8 %
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last announced its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $190.08 million during the quarter, compared to the consensus estimate of $188.15 million. Lattice Semiconductor had a return on equity of 42.83% and a net margin of 28.59%. As a group, research analysts forecast that Lattice Semiconductor will post 1.59 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $83.53, for a total value of $835,300.00. Following the completion of the transaction, the director now directly owns 10,144 shares of the company’s stock, valued at $847,328.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Sherri R. Luther sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $90.74, for a total value of $680,550.00. Following the completion of the transaction, the chief financial officer now directly owns 127,810 shares of the company’s stock, valued at $11,597,479.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.53, for a total value of $835,300.00. Following the sale, the director now directly owns 10,144 shares of the company’s stock, valued at approximately $847,328.32. The disclosure for this sale can be found here. Insiders sold 130,184 shares of company stock valued at $11,698,010 over the last ninety days. 1.25% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Lattice Semiconductor
Several large investors have recently added to or reduced their stakes in the business. Congress Asset Management Co. MA bought a new stake in Lattice Semiconductor during the third quarter valued at $4,134,000. Orion Portfolio Solutions LLC boosted its stake in Lattice Semiconductor by 1.5% during the third quarter. Orion Portfolio Solutions LLC now owns 28,081 shares of the semiconductor company’s stock valued at $2,413,000 after buying an additional 423 shares during the period. Fifth Third Bancorp boosted its stake in Lattice Semiconductor by 12.5% during the third quarter. Fifth Third Bancorp now owns 2,355 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 261 shares during the period. Meritage Portfolio Management boosted its stake in Lattice Semiconductor by 5.4% during the third quarter. Meritage Portfolio Management now owns 10,148 shares of the semiconductor company’s stock valued at $872,000 after buying an additional 520 shares during the period. Finally, Congress Wealth Management LLC DE bought a new stake in Lattice Semiconductor during the third quarter valued at $1,892,000. Institutional investors own 98.08% of the company’s stock.
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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.
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