StockNews.com Upgrades Lattice Semiconductor (NASDAQ:LSCC) to Hold

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Several other analysts also recently commented on LSCC. Susquehanna raised their price objective on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James decreased their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus boosted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.58.

Lattice Semiconductor Stock Down 2.3 %

NASDAQ LSCC opened at $54.16 on Wednesday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The company has a market capitalization of $7.47 billion, a P/E ratio of 52.58 and a beta of 1.41. The stock’s 50-day moving average price is $58.02 and its 200-day moving average price is $53.06.

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

Insider Activity at Lattice Semiconductor

In related news, SVP Pravin Desale sold 1,096 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $22,827.10. This trade represents a 75.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares in the company, valued at $827,039.68. The trade was a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,022 shares of company stock valued at $596,502. 1.19% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of institutional investors have recently bought and sold shares of LSCC. UMB Bank n.a. increased its position in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Lattice Semiconductor during the 4th quarter worth about $38,000. Jones Financial Companies Lllp grew its holdings in Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares during the last quarter. Hollencrest Capital Management bought a new position in Lattice Semiconductor during the 3rd quarter valued at about $53,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Lattice Semiconductor in the 4th quarter worth about $57,000. 98.08% of the stock is currently owned by institutional investors.

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.