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

Lattice Semiconductor Co. (NASDAQ:LSCC) has received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $82.09.

Several analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Susquehanna increased their price objective on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a report on Tuesday, June 4th. Finally, Benchmark raised their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, April 30th.

Lattice Semiconductor Trading Down 2.0 %

LSCC stock opened at $58.56 on Monday. The company has a market cap of $8.05 billion, a P/E ratio of 37.54, a P/E/G ratio of 13.00 and a beta of 1.44. Lattice Semiconductor has a 52 week low of $51.96 and a 52 week high of $98.30. The company’s 50-day moving average price is $68.87 and its 200 day moving average price is $70.49.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $140.82 million for the quarter, compared to the consensus estimate of $140.08 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. On average, equities research analysts expect that Lattice Semiconductor will post 0.68 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In related news, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the transaction, the chief executive officer now directly owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor news, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the sale, the chief executive officer now directly owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares of the company’s stock, valued at $132,864. The disclosure for this sale can be found here. Insiders have sold a total of 49,566 shares of company stock valued at $3,664,529 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several large investors have recently bought and sold shares of LSCC. Bessemer Group Inc. grew its holdings in Lattice Semiconductor by 11.5% during the 1st quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 152 shares during the last quarter. Van ECK Associates Corp raised its holdings in Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after buying an additional 174 shares during the period. RiverPark Advisors LLC raised its holdings in Lattice Semiconductor by 31.2% during the 4th quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company’s stock worth $57,000 after buying an additional 195 shares during the period. State of Michigan Retirement System raised its holdings in Lattice Semiconductor by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after buying an additional 200 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in Lattice Semiconductor by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock worth $4,457,000 after buying an additional 230 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.