Lattice Semiconductor (NASDAQ:LSCC) Upgraded by StockNews.com to Hold Rating

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

A number of other research analysts have also recently weighed in on LSCC. KeyCorp lifted their price objective on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Raymond James dropped their price objective 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 dropped their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.58.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $54.75 on Wednesday. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The stock has a market cap of $7.55 billion, a PE ratio of 53.16 and a beta of 1.41. The firm has a 50-day simple moving average of $58.04 and a two-hundred day simple moving average of $53.04.

Lattice Semiconductor (NASDAQ:LSCC) last announced 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 net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same period last year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. As a group, sell-side analysts expect that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This represents a 11.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,022 shares of company stock worth $596,502. Corporate insiders own 1.19% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of large investors have recently bought and sold shares of LSCC. Cetera Investment Advisers boosted its stake in Lattice Semiconductor by 280.3% during the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock worth $1,041,000 after purchasing an additional 13,236 shares during the period. Handelsbanken Fonder AB boosted its stake in Lattice Semiconductor by 26.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 35,800 shares of the semiconductor company’s stock worth $1,900,000 after purchasing an additional 7,500 shares during the period. GAMMA Investing LLC boosted its stake in Lattice Semiconductor by 257.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 1,534 shares during the period. CWM LLC boosted its stake in Lattice Semiconductor by 22.2% during the 3rd quarter. CWM LLC now owns 20,616 shares of the semiconductor company’s stock worth $1,094,000 after purchasing an additional 3,750 shares during the period. Finally, Inspire Investing LLC boosted its stake in Lattice Semiconductor by 6.4% during the 3rd quarter. Inspire Investing LLC now owns 25,833 shares of the semiconductor company’s stock worth $1,371,000 after purchasing an additional 1,554 shares during the period. 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.