Lattice Semiconductor Co. (NASDAQ:LSCC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have earned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $63.08.

A number of brokerages recently commented on LSCC. TD Cowen raised Lattice Semiconductor to a “strong-buy” rating in a research note on Monday, September 16th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Thursday, August 8th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a report on Tuesday, September 17th.

Lattice Semiconductor Stock Performance

LSCC stock opened at $50.66 on Friday. The company has a market capitalization of $6.98 billion, a PE ratio of 37.25 and a beta of 1.39. The company’s fifty day moving average price is $49.87 and its 200-day moving average price is $57.81. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same period last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. On average, research analysts predict that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Mark Jon Nelson sold 1,232 shares of the business’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 sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of large investors have recently modified their holdings of LSCC. Harbor Capital Advisors Inc. raised its position in Lattice Semiconductor by 323.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 61,234 shares of the semiconductor company’s stock valued at $3,250,000 after purchasing an additional 46,768 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Lattice Semiconductor by 9.9% during the third quarter. Janney Montgomery Scott LLC now owns 202,474 shares of the semiconductor company’s stock valued at $10,745,000 after buying an additional 18,320 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Lattice Semiconductor by 0.8% in the third quarter. New York State Common Retirement Fund now owns 752,389 shares of the semiconductor company’s stock valued at $39,929,000 after acquiring an additional 6,105 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Lattice Semiconductor by 22.2% in the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock worth $41,409,000 after acquiring an additional 142,005 shares during the period. Finally, Financial Advocates Investment Management grew its holdings in Lattice Semiconductor by 7.4% during the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after acquiring an additional 394 shares in the last quarter. Hedge funds and other 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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.