Lattice Semiconductor Co. (NASDAQ:LSCC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $66.25.

LSCC has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Benchmark boosted their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th.

Lattice Semiconductor Stock Down 1.0 %

Shares of LSCC opened at $62.76 on Wednesday. The company has a 50-day moving average price of $60.35 and a two-hundred day moving average price of $56.36. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 142.64, a P/E/G ratio of 3.03 and a beta of 1.43. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $80.13.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Equities research analysts expect that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,740 shares of company stock worth $943,026. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its stake in Lattice Semiconductor by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock valued at $1,220,487,000 after acquiring an additional 478,440 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Lattice Semiconductor by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after acquiring an additional 229,820 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Lattice Semiconductor by 291.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after purchasing an additional 4,676,100 shares during the period. Geode Capital Management LLC boosted its stake in Lattice Semiconductor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after purchasing an additional 74,655 shares during the period. Finally, Capital Research Global Investors increased its position in Lattice Semiconductor by 10.6% during the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock worth $127,944,000 after buying an additional 216,617 shares during the period. Institutional investors own 98.08% of the company’s stock.

About Lattice Semiconductor

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.