Lattice Semiconductor (NASDAQ:LSCC) Rating Increased to Hold at StockNews.com

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Other equities analysts also recently issued reports about the stock. TD Cowen dropped their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Raymond James dropped their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Susquehanna raised their target price on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Robert W. Baird raised their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Stock Performance

LSCC stock opened at $54.75 on Wednesday. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The stock has a market capitalization of $7.55 billion, a PE ratio of 53.16 and a beta of 1.41. The company has a fifty day moving average of $58.04 and a 200-day moving average of $53.04.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business’s revenue was down 33.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. Equities analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. Insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Lattice Semiconductor during the fourth quarter valued at $38,000. Hollencrest Capital Management bought a new stake in Lattice Semiconductor during the third quarter valued at $53,000. Brooklyn Investment Group bought a new stake in Lattice Semiconductor during the third quarter valued at $89,000. Finally, GAMMA Investing LLC increased its stake in Lattice Semiconductor by 257.8% during the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 1,534 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

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.