Robert W. Baird Increases Lattice Semiconductor Corp. Price Target to $8.00 (LSCC)
Investment analysts at Robert W. Baird raised their target price on shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) from $6.00 to $8.00 in a note issued to investors on Friday, AnalystRatings.Net reports. Robert W. Baird’s target price indicates a potential upside of 42.86% from the company’s current price.
Shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) traded up 14.65% during mid-day trading on Friday, hitting $6.81. The stock had a trading volume of 9,081,008 shares. Lattice Semiconductor Corp. has a one year low of $4.17 and a one year high of $6.07. The stock has a 50-day moving average of $5.64 and a 200-day moving average of $5.17. The company has a market cap of $792.3 million and a P/E ratio of 83.66.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.02. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $81.05 million. During the same quarter last year, the company posted ($0.06) earnings per share. Lattice Semiconductor Corp.’s revenue was up 35.9% compared to the same quarter last year. On average, analysts predict that Lattice Semiconductor Corp. will post $0.17 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LSCC. Analysts at Mizuho raised their price target on shares of Lattice Semiconductor Corp. from $6.00 to $7.50 in a research note to investors on Friday. They now have a “buy” rating on the stock. Analysts at Jefferies Group raised their price target on shares of Lattice Semiconductor Corp. from $5.50 to $6.50 in a research note to investors on Friday, January 10th.
Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.