Lattice Semiconductor (NASDAQ:LSCC) Raised to “Hold” at StockNews.com

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday. Raymond James dropped their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Robert W. Baird boosted their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. TD Cowen cut their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, KeyCorp boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Trading Up 3.0 %

Shares of Lattice Semiconductor stock opened at $63.39 on Friday. The company’s 50-day moving average price is $57.88 and its two-hundred day moving average price is $53.07. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The stock has a market cap of $8.75 billion, a PE ratio of 61.54 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. On average, equities analysts predict that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the sale, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock valued at $596,502 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSCC. Norges Bank acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $88,674,000. TimesSquare Capital Management LLC grew its holdings in Lattice Semiconductor by 2,923.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after purchasing an additional 1,473,154 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Lattice Semiconductor during the third quarter valued at approximately $49,297,000. Westfield Capital Management Co. LP bought a new stake in shares of Lattice Semiconductor in the third quarter valued at approximately $38,194,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $28,325,000. Institutional investors and hedge funds 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.