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

Lattice Semiconductor Co. (NASDAQ:LSCC) has been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the firm, MarketBeat reports. One research 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 $66.25.

A number of brokerages have commented on LSCC. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. KeyCorp raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th.

Insider Transactions at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,740 shares of company stock valued at $943,026. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Large investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Lattice Semiconductor during the fourth quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 340 shares during the period. Jones Financial Companies Lllp increased its stake in Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 370 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $62.76 on Wednesday. The company has a market cap of $8.65 billion, a P/E ratio of 142.64, a PEG ratio of 3.03 and a beta of 1.43. The business’s 50-day simple moving average is $60.35 and its 200 day simple moving average is $56.36. Lattice Semiconductor has a one year low of $40.65 and a one year high of $80.13.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Analysts predict that Lattice Semiconductor will post 0.65 earnings per share for the current year.

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.