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

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $63.08.

LSCC has been the topic of a number of research analyst reports. TD Cowen upgraded Lattice Semiconductor to a “strong-buy” rating in a report on Monday, September 16th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, July 30th. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, September 17th.

Lattice Semiconductor Price Performance

LSCC stock opened at $54.34 on Friday. The firm has a 50-day moving average of $49.56 and a 200 day moving average of $58.27. The company has a market cap of $7.49 billion, a P/E ratio of 39.96 and a beta of 1.39. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69.

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

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were 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 in the company, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of Lattice Semiconductor by 11.5% during the 1st quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 152 shares during the period. Covestor Ltd increased its stake in shares of Lattice Semiconductor by 16.1% in the 1st quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 266 shares in the last quarter. Swedbank AB increased its stake in shares of Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after purchasing an additional 300 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Lattice Semiconductor by 10.2% in the 1st quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 308 shares in the last quarter. Finally, Financial Advocates Investment Management increased its stake in shares of Lattice Semiconductor by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 394 shares in the last quarter. 98.08% of the stock is owned by 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.