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

Lattice Semiconductor Co. (NASDAQ:LSCC) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $62.00.

A number of analysts recently issued reports on the company. Needham & Company LLC raised their price objective on Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Stifel Nicolaus lifted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp dropped their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Raymond James decreased their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

Lattice Semiconductor Stock Down 0.7 %

Shares of NASDAQ:LSCC opened at $57.87 on Monday. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69. The business has a fifty day moving average of $54.99 and a two-hundred day moving average of $53.64. The stock has a market cap of $7.98 billion, a P/E ratio of 56.19 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same period in the previous year, the firm earned $0.41 earnings per share. Lattice Semiconductor’s quarterly revenue was down 33.9% compared to the same quarter last year. On average, equities analysts anticipate that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, 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 transaction, the senior vice president now directly owns 365 shares in the company, valued at $22,827.10. This trade represents a 75.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,172 shares of company stock worth $490,534. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

A number of large investors have recently modified their holdings of the business. William Blair Investment Management LLC increased its holdings in shares of Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after purchasing an additional 668,132 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after acquiring an additional 294,290 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Lattice Semiconductor by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after acquiring an additional 30,642 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after acquiring an additional 426,511 shares during the period. Finally, TD Asset Management Inc increased its stake in Lattice Semiconductor by 5.8% in the 2nd quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock valued at $60,923,000 after purchasing an additional 57,234 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.