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

Lattice Semiconductor Co. (NASDAQ:LSCC) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $63.08.

Several brokerages have weighed in on LSCC. Deutsche Bank Aktiengesellschaft reduced their price objective on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report 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. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, September 17th. Finally, TD Cowen upgraded Lattice Semiconductor to a “strong-buy” rating in a research report on Monday, September 16th.

Insider Buying and Selling

In other news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 transaction of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value 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 approximately $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Lattice Semiconductor

Several large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Lattice Semiconductor during the first quarter worth about $30,000. American National Bank & Trust boosted its holdings 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 during the last quarter. GAMMA Investing LLC increased its stake in shares of Lattice Semiconductor by 82.4% in the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 333 shares during the period. West Oak Capital LLC raised its holdings in shares of Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares during the last quarter. Finally, Davidson Capital Management Inc. acquired a new position in Lattice Semiconductor during the first quarter valued at $78,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

LSCC stock opened at $53.01 on Wednesday. The company has a market cap of $7.29 billion, a P/E ratio of 33.98 and a beta of 1.39. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The stock’s fifty day moving average price is $48.24 and its 200-day moving average price is $60.80.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share 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 analysts’ expectations of $130.17 million. During the same quarter last year, the firm posted $0.40 earnings per share. Lattice Semiconductor’s revenue for the quarter was down 34.7% on a year-over-year basis. As a group, analysts expect that Lattice Semiconductor will post 0.59 earnings per share for the current year.

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.