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

Lattice Semiconductor Co. (NASDAQ:LSCC) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $83.36.

Several research firms recently issued reports on LSCC. Susquehanna upped their price target on Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research report on Tuesday, April 30th. Stifel Nicolaus dropped their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Needham & Company LLC increased their target price on Lattice Semiconductor from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Bank of America increased their target price on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Finally, Benchmark increased their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th.

Insider Activity

In other news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was 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 directly owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the transaction, the senior vice president now owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,741 shares of company stock valued at $3,225,795. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several large investors have recently modified their holdings of LSCC. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Lattice Semiconductor by 33.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company’s stock valued at $3,668,000 after purchasing an additional 10,650 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Lattice Semiconductor by 286.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after acquiring an additional 142,543 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Lattice Semiconductor by 8.7% during the third quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock valued at $9,278,000 after acquiring an additional 8,603 shares during the period. South Dakota Investment Council purchased a new stake in shares of Lattice Semiconductor in the 4th quarter valued at approximately $1,397,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Lattice Semiconductor in the 3rd quarter worth approximately $530,000. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Trading Up 1.1 %

LSCC stock opened at $70.09 on Friday. The firm has a market cap of $9.64 billion, a P/E ratio of 44.93, a P/E/G ratio of 14.78 and a beta of 1.41. Lattice Semiconductor has a 12-month low of $51.96 and a 12-month high of $98.30. The stock’s 50 day simple moving average is $75.09 and its 200 day simple moving average is $68.68.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. On average, research analysts forecast that Lattice Semiconductor will post 0.71 EPS for the current fiscal year.

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.