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

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $62.00.

A number of analysts recently weighed in on LSCC shares. Raymond James cut their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Wednesday, December 11th. KeyCorp dropped their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC lifted their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research report on Monday, September 16th.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $55.82 on Friday. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 54.19 and a beta of 1.41. The business’s fifty day moving average price is $56.44 and its two-hundred day moving average price is $53.44. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Lattice Semiconductor’s revenue was down 33.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Research analysts expect that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Activity

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,022 shares of company stock worth $596,502. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. American National Bank & Trust increased its stake in shares of Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 709 shares in the last quarter. Hollencrest Capital Management acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at $53,000. Brooklyn Investment Group bought a new stake in shares of Lattice Semiconductor during the third quarter worth about $89,000. GAMMA Investing LLC lifted its position in Lattice Semiconductor by 257.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 1,534 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Lattice Semiconductor during the 2nd quarter valued at about $146,000. 98.08% of the stock is owned by institutional investors and hedge funds.

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.