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

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $58.42.

A number of equities research analysts have recently commented on the stock. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 17th. Finally, KeyCorp reduced their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $50.75 on Thursday. The firm has a market cap of $7.00 billion, a PE ratio of 49.27 and a beta of 1.39. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The firm’s fifty day moving average is $51.72 and its 200-day moving average is $55.84.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business’s revenue was down 33.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. Sell-side analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of large investors have recently added to or reduced their stakes in LSCC. Blue Trust Inc. grew its stake in shares of Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares during the period. Swedbank AB bought a new position in Lattice Semiconductor during the first quarter worth about $4,186,000. Stephens Investment Management Group LLC increased its stake in shares of Lattice Semiconductor by 22.2% in the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock worth $41,409,000 after purchasing an additional 142,005 shares in the last quarter. Marshall Financial Group LLC bought a new stake in shares of Lattice Semiconductor in the second quarter valued at approximately $721,000. Finally, Cetera Investment Advisers lifted its stake in shares of Lattice Semiconductor by 280.3% during the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after buying an additional 13,236 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.