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

Lattice Semiconductor Co. (NASDAQ:LSCC) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $64.58.

Several equities analysts have recently issued reports on the stock. Raymond James reduced their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. TD Cowen cut their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp raised their target price on Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Wednesday, December 11th.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 1,096 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $22,827.10. This represents a 75.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock valued at $596,502 over the last three months. Company insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new position in Lattice Semiconductor in the 4th quarter valued at about $38,000. Handelsbanken Fonder AB boosted its stake in Lattice Semiconductor by 8.9% in the 4th quarter. Handelsbanken Fonder AB now owns 39,000 shares of the semiconductor company’s stock valued at $2,209,000 after purchasing an additional 3,200 shares during the period. TimesSquare Capital Management LLC grew its holdings in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after buying an additional 1,473,154 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Lattice Semiconductor by 1.0% in the fourth quarter. New York State Common Retirement Fund now owns 759,810 shares of the semiconductor company’s stock valued at $43,043,000 after acquiring an additional 7,421 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Lattice Semiconductor by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock worth $240,000 after acquiring an additional 231 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Down 4.3 %

Shares of NASDAQ:LSCC opened at $54.54 on Tuesday. The firm has a market cap of $7.52 billion, a PE ratio of 52.95 and a beta of 1.41. The company has a fifty day simple moving average of $58.12 and a 200 day simple moving average of $53.08. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same period in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, equities research analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

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.