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

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One 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 analysts that have updated their coverage on the stock in the last year is $63.15.

A number of research analysts have issued reports on LSCC shares. Williams Trading set a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Raymond James reissued an “outperform” rating and issued a $64.00 target price (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Robert W. Baird boosted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Finally, Susquehanna raised their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $46.54 on Thursday. The business’s 50-day moving average is $49.84 and its 200 day moving average is $55.25. Lattice Semiconductor has a 1 year low of $34.69 and a 1 year high of $78.29. The firm has a market capitalization of $6.40 billion, a P/E ratio of 105.78, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, analysts expect that Lattice Semiconductor will post 0.65 EPS for the current year.

Insider Buying and Selling

In related news, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the sale, the director now directly owns 8,084 shares of the company’s stock, valued at approximately $420,610.52. This represents a 7.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president now owns 87,106 shares in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,490 shares of company stock valued at $777,363 over the last ninety days. Company insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of large investors have recently bought and sold shares of LSCC. US Bancorp DE increased its position in shares of Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock valued at $1,592,000 after buying an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Lattice Semiconductor by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company’s stock valued at $53,217,000 after acquiring an additional 29,516 shares during the period. Compass Wealth Management LLC acquired a new stake in Lattice Semiconductor in the 4th quarter valued at $1,324,000. Barclays PLC increased its holdings in Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after acquiring an additional 372,301 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 266 shares during the period. Institutional investors and hedge funds 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.