Lattice Semiconductor (NASDAQ:LSCC) Trading Up 5.1%

Lattice Semiconductor Co. (NASDAQ:LSCC) shot up 5.1% during mid-day trading on Wednesday . The company traded as high as $72.69 and last traded at $71.41. 407,911 shares were traded during mid-day 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 brokerages have issued reports on LSCC. Stifel Nicolaus cut their target price on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a report on Tuesday, February 13th. Susquehanna dropped their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research note on Tuesday, February 13th. KeyCorp raised their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Benchmark raised their price target on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Lattice Semiconductor Stock Up 3.3 %

The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 16.15 and a beta of 1.38. The stock’s 50 day moving average is $75.69 and its 200 day moving average is $69.12.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. Analysts anticipate that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the transaction, the senior vice president now owns 11,908 shares in the company, valued at $894,767.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the sale, the senior vice president now directly owns 11,908 shares in the company, valued at $894,767.12. The sale was disclosed in a legal filing 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 that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock worth $3,225,795 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Lattice Semiconductor

A number of large investors have recently added to or reduced their stakes in LSCC. Van ECK Associates Corp boosted its holdings in Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after buying an additional 174 shares in the last quarter. UMB Bank n.a. boosted its stake in Lattice Semiconductor by 100.7% in the 3rd quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 154 shares during the period. Headlands Technologies LLC acquired a new position in Lattice Semiconductor in the 3rd quarter worth approximately $26,000. GAMMA Investing LLC acquired a new position in Lattice Semiconductor in the 4th quarter worth approximately $28,000. Finally, American National Bank acquired a new position in Lattice Semiconductor in the 4th quarter worth approximately $28,000. 98.08% of the stock is currently 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.