Lattice Semiconductor (NASDAQ:LSCC) Upgraded at StockNews.com

StockNews.com upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a sell rating to a hold rating in a report released on Tuesday.

Several other analysts also recently commented on LSCC. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. TD Cowen reduced their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. Susquehanna reduced their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Finally, KeyCorp lowered their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $55.82 on Tuesday. The business has a fifty day moving average price of $56.44 and a 200-day moving average price of $53.44. The company has a market capitalization of $7.70 billion, a PE ratio of 54.19 and a beta of 1.41. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several large investors have recently made changes to their positions in the business. American National Bank & Trust raised its stake in Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 709 shares during the period. Hollencrest Capital Management bought a new stake in shares of Lattice Semiconductor during the third quarter valued at approximately $53,000. Brooklyn Investment Group bought a new stake in shares of Lattice Semiconductor during the third quarter valued at approximately $89,000. GAMMA Investing LLC lifted its holdings in shares of Lattice Semiconductor by 257.8% in the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock worth $113,000 after buying an additional 1,534 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Lattice Semiconductor during the second quarter worth $146,000. 98.08% of the stock is currently owned by hedge funds and other 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.