Lattice Semiconductor (NASDAQ:LSCC) Shares Up 7.2% – What’s Next?

Lattice Semiconductor Co. (NASDAQ:LSCC)’s stock price rose 7.2% during mid-day trading on Tuesday . The stock traded as high as $68.88 and last traded at $69.05. Approximately 1,934,882 shares traded hands during trading, a decline of 14% from the average daily volume of 2,240,963 shares. The stock had previously closed at $64.42.

Analyst Upgrades and Downgrades

LSCC has been the subject of several analyst reports. Robert W. Baird upped their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Raymond James lowered their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. TD Cowen lowered their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. KeyCorp upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. 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 company. According to MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Stock Up 4.5 %

The firm has a fifty day moving average price of $58.21 and a 200-day moving average price of $53.35. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 65.33 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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%. Equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This trade represents a 11.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor 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 owns 365 shares in the company, valued at $22,827.10. The trade was a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,635 shares of company stock worth $377,108 over the last quarter. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LSCC. UMB Bank n.a. raised its position in 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 purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth about $38,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth about $52,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.