Lattice Semiconductor (NASDAQ:LSCC) Upgraded by TD Cowen to “Strong-Buy”

TD Cowen upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) to a strong-buy rating in a report published on Monday morning, Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC lowered their price target on Lattice Semiconductor from $80.00 to $61.00 and set a buy rating for the company in a report on Tuesday, July 30th. Benchmark reiterated a buy rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday. Susquehanna cut their price target on shares of Lattice Semiconductor from $85.00 to $65.00 and set a positive rating on the stock in a research note on Tuesday, July 30th. Stifel Nicolaus lowered their price objective on shares of Lattice Semiconductor from $67.00 to $55.00 and set a hold rating for the company in a research note on Tuesday, July 30th. Finally, Rosenblatt Securities reissued a buy rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of Moderate Buy and an average price target of $63.08.

Lattice Semiconductor Stock Up 12.3 %

NASDAQ LSCC opened at $50.31 on Monday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $87.87. The company has a 50 day moving average price of $49.88 and a 200 day moving average price of $63.37. The firm has a market cap of $6.92 billion, a PE ratio of 32.25 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. On average, equities research analysts anticipate that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors have recently modified their holdings of LSCC. Rise Advisors LLC acquired a new position in Lattice Semiconductor in the 1st quarter worth about $30,000. Principal Securities Inc. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $31,000. GAMMA Investing LLC raised its stake in shares of Lattice Semiconductor by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock worth $58,000 after buying an additional 333 shares during the period. West Oak Capital LLC lifted its position in shares of Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares in the last quarter. Finally, Davidson Capital Management Inc. acquired a new stake in Lattice Semiconductor in the 1st quarter valued at $78,000. 98.08% of the stock is currently 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.