Recent Investment Analysts’ Ratings Changes for Lattice Semiconductor (LSCC)

A number of research firms have changed their ratings and price targets for Lattice Semiconductor (NASDAQ: LSCC):

• 9/17/2024 – Lattice Semiconductor had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $61.00 price target on the stock.
• 9/17/2024 – Lattice Semiconductor was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock.
• 9/16/2024 – Lattice Semiconductor was upgraded by analysts at TD Cowen to a “strong-buy” rating.
• 9/16/2024 – Lattice Semiconductor had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $60.00 price target on the stock.
• 8/8/2024 – Lattice Semiconductor was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $50.00 price target on the stock.
• 8/3/2024 – Lattice Semiconductor was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock traded down $0.83 during trading on Monday, reaching $52.69. 964,757 shares of the company were exchanged, compared to its average volume of 2,410,953. The stock’s 50 day simple moving average is $48.62 and its two-hundred day simple moving average is $61.65. The company has a market capitalization of $7.25 billion, a P/E ratio of 33.78 and a beta of 1.38. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $87.64.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was down 34.7% compared to the same quarter last year. As a group, equities analysts forecast that Lattice Semiconductor Co. will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC acquired a new position in Lattice Semiconductor during the first quarter worth $30,000. GAMMA Investing LLC increased its holdings in Lattice Semiconductor by 82.4% in the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 333 shares in the last quarter. West Oak Capital LLC lifted its position in shares of Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 550 shares during the period. Davidson Capital Management Inc. purchased a new stake in shares of Lattice Semiconductor during the 1st quarter worth approximately $78,000. Finally, Blue Trust Inc. grew its holdings in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.