Lattice Semiconductor Co. (NASDAQ:LSCC) Given Consensus Rating of “Moderate Buy” by Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $66.25.

LSCC has been the subject of a number of analyst reports. TD Cowen cut their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday. KeyCorp upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th.

Lattice Semiconductor Trading Up 2.9 %

NASDAQ:LSCC opened at $62.34 on Friday. The stock’s 50 day simple moving average is $58.93 and its 200-day simple moving average is $54.40. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The firm has a market cap of $8.59 billion, a P/E ratio of 141.69, a PEG ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data 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 11.22% and a net margin of 12.00%. Research analysts forecast that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,686 shares of company stock valued at $1,118,722 over the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently modified their holdings of LSCC. Sterling Capital Management LLC raised its stake in Lattice Semiconductor by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock worth $170,000 after purchasing an additional 163 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock worth $81,000 after buying an additional 190 shares during the last quarter. Tidal Investments LLC raised its position in shares of Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after buying an additional 224 shares during the period. CIBC Asset Management Inc boosted its holdings in Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after acquiring an additional 231 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in 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 acquiring an additional 266 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

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.