Lattice Semiconductor Co. (NASDAQ:LSCC) Given Consensus Rating of “Moderate Buy” by Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC) has received an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $87.00.

A number of equities research analysts recently issued reports on LSCC shares. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Susquehanna decreased their target price on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a report on Tuesday, February 13th. KeyCorp boosted their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Benchmark boosted their price target on Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus reduced their price target on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th.

Lattice Semiconductor Trading Up 0.9 %

Shares of LSCC opened at $75.07 on Wednesday. Lattice Semiconductor has a 1 year low of $51.96 and a 1 year high of $98.30. The stock has a market cap of $10.33 billion, a P/E ratio of 40.59, a price-to-earnings-growth ratio of 16.87 and a beta of 1.38. The stock’s 50-day moving average price is $75.63 and its two-hundred day moving average price is $69.60.

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

Insider Activity

In related news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 124,116 shares in the company, valued at approximately $9,281,394.48. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the sale, the senior vice president now directly owns 28,283 shares in the company, valued at approximately $2,021,951.67. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. In the last three months, insiders sold 43,741 shares of company stock worth $3,225,795. 1.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Congress Asset Management Co. MA increased its holdings in Lattice Semiconductor by 36.5% in the 1st quarter. Congress Asset Management Co. MA now owns 105,076 shares of the semiconductor company’s stock worth $8,220,000 after purchasing an additional 28,071 shares in the last quarter. Midwest Financial Group LLC acquired a new stake in shares of Lattice Semiconductor in the first quarter valued at about $430,000. Park Avenue Securities LLC increased its stake in shares of Lattice Semiconductor by 10.7% in the first quarter. Park Avenue Securities LLC now owns 5,360 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 520 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of Lattice Semiconductor by 213.1% in the first quarter. Banque Cantonale Vaudoise now owns 9,541 shares of the semiconductor company’s stock valued at $747,000 after buying an additional 6,494 shares during the period. Finally, Rise Advisors LLC acquired a new stake in shares of Lattice Semiconductor in the first quarter valued at about $30,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.