Lattice Semiconductor (NASDAQ:LSCC) Trading 5.1% Higher

Lattice Semiconductor Co. (NASDAQ:LSCC) shares traded up 5.1% during trading on Wednesday . The company traded as high as $72.69 and last traded at $71.41. 407,911 shares traded hands during trading, a decline of 81% from the average session volume of 2,094,670 shares. The stock had previously closed at $67.97.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Benchmark lifted their price objective on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Finally, Susquehanna dropped their price objective on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Lattice Semiconductor Price Performance

The firm has a market capitalization of $9.77 billion, a P/E ratio of 36.74, a P/E/G ratio of 14.91 and a beta of 1.38. The firm’s 50 day simple moving average is $75.79 and its two-hundred day simple moving average is $69.07.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $170.60 million during the quarter, compared to the consensus estimate of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Insider Activity

In other news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,741 shares of company stock valued at $3,225,795. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in shares of Lattice Semiconductor during the third quarter valued at about $26,000. UMB Bank n.a. increased its position in shares of Lattice Semiconductor by 100.7% during the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 154 shares during the period. Larson Financial Group LLC purchased a new position in shares of Lattice Semiconductor during the third quarter valued at about $29,000. Van ECK Associates Corp increased its position in shares of Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 174 shares during the period. Finally, Rise Advisors LLC purchased a new position in shares of Lattice Semiconductor during the first quarter valued at about $30,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.