Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Up on Analyst Upgrade

Lattice Semiconductor Co. (NASDAQ:LSCC)’s share price gapped up before the market opened on Tuesday after Stifel Nicolaus raised their price target on the stock from $65.00 to $70.00. The stock had previously closed at $54.47, but opened at $62.62. Stifel Nicolaus currently has a buy rating on the stock. Lattice Semiconductor shares last traded at $61.10, with a volume of 1,315,373 shares.

Several other equities analysts have also recently issued reports on the stock. Benchmark boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday. Susquehanna raised their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” 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 company an “outperform” rating in a research report on Wednesday, December 11th. Finally, TD Cowen decreased their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Insider Activity

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of LSCC. UMB Bank n.a. boosted its stake in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ grew its stake in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 370 shares during the period. Finally, Hollencrest Capital Management acquired a new position in shares of Lattice Semiconductor during the third quarter worth about $53,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Up 7.7 %

The company’s fifty day moving average is $57.83 and its two-hundred day moving average is $52.99. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 56.93 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Sell-side analysts predict that Lattice Semiconductor Co. 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.