Stifel Nicolaus Upgrades Lattice Semiconductor (NASDAQ:LSCC) to Buy

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $55.00 price objective on the semiconductor company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 5.63% from the stock’s current price.

A number of other analysts also recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, July 30th. TD Cowen upgraded shares of Lattice Semiconductor to a “strong-buy” rating in a research report on Monday. Needham & Company LLC cut their price target on shares of Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. KeyCorp cut their target price on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.08.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $52.07 on Tuesday. The firm has a fifty day moving average of $49.52 and a 200 day moving average of $63.10. The firm has a market cap of $7.16 billion, a PE ratio of 33.38 and a beta of 1.38. Lattice Semiconductor has a one year low of $40.65 and a one year high of $87.64.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. On average, equities analysts predict that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its holdings in shares of Lattice Semiconductor by 52.6% in the fourth quarter. Truist Financial Corp now owns 3,813 shares of the semiconductor company’s stock valued at $263,000 after acquiring an additional 1,315 shares during the period. Principal Securities Inc. acquired a new stake in Lattice Semiconductor during the 4th quarter worth $31,000. Dimensional Fund Advisors LP grew its position in Lattice Semiconductor by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 681,919 shares of the semiconductor company’s stock worth $47,054,000 after purchasing an additional 25,849 shares during the last quarter. Norges Bank purchased a new position in Lattice Semiconductor during the 4th quarter worth $98,684,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Lattice Semiconductor in the fourth quarter valued at $409,000. 98.08% of the stock is 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.