Lattice Semiconductor Co. (NASDAQ:LSCC) Given Average Recommendation of “Buy” by Analysts

Shares of Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) have received an average rating of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $69.50.

A number of analysts have recently commented on LSCC shares. Rosenblatt Securities restated a “buy” rating and set a $68.00 target price on shares of Lattice Semiconductor in a report on Friday, February 11th. Susquehanna Bancshares upped their price objective on shares of Lattice Semiconductor from $67.00 to $68.00 in a report on Wednesday, February 16th. Craig Hallum decreased their target price on shares of Lattice Semiconductor from $60.00 to $55.00 in a research note on Thursday, May 5th. Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research report on Saturday. Finally, Cowen reduced their price objective on Lattice Semiconductor from $85.00 to $75.00 in a research report on Wednesday, May 4th.

Shares of NASDAQ LSCC opened at $46.29 on Wednesday. Lattice Semiconductor has a 1 year low of $42.94 and a 1 year high of $85.45. The stock has a market capitalization of $6.37 billion, a P/E ratio of 57.86 and a beta of 1.14. The company’s 50-day moving average is $54.19 and its 200 day moving average is $64.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.02 and a quick ratio of 2.20.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last posted its earnings results on Tuesday, May 3rd. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Lattice Semiconductor had a return on equity of 29.28% and a net margin of 20.58%. The firm had revenue of $150.50 million for the quarter, compared to the consensus estimate of $146.25 million. During the same quarter in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. Research analysts anticipate that Lattice Semiconductor will post 1.05 earnings per share for the current year.

In related news, CEO James Robert Anderson sold 2,142 shares of the firm’s stock in a transaction that occurred on Monday, February 14th. The shares were sold at an average price of $55.56, for a total value of $119,009.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stephen Douglass sold 959 shares of the business’s stock in a transaction on Monday, February 14th. The shares were sold at an average price of $55.56, for a total transaction of $53,282.04. The disclosure for this sale can be found here. Insiders sold a total of 378,273 shares of company stock worth $20,817,555 over the last ninety days. 1.80% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Keebeck Alpha LP boosted its holdings in shares of Lattice Semiconductor by 80.1% in the first quarter. Keebeck Alpha LP now owns 6,983 shares of the semiconductor company’s stock worth $426,000 after buying an additional 3,106 shares during the last quarter. Lmcg Investments LLC bought a new position in Lattice Semiconductor in the first quarter worth approximately $865,000. Meeder Asset Management Inc. bought a new position in Lattice Semiconductor in the 1st quarter worth $35,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Lattice Semiconductor by 36.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,130 shares of the semiconductor company’s stock valued at $7,627,000 after purchasing an additional 33,677 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in Lattice Semiconductor by 44.8% during the first quarter. Toronto Dominion Bank now owns 46,700 shares of the semiconductor company’s stock valued at $2,846,000 after purchasing an additional 14,445 shares during the period. Institutional investors own 95.25% of the company’s stock.

About Lattice Semiconductor (Get Rating)

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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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