Lattice Semiconductor (NASDAQ:LSCC) Lifted to “Positive” at Susquehanna Bancshares

Lattice Semiconductor (NASDAQ:LSCCGet Rating) was upgraded by equities research analysts at Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a report released on Tuesday, Stock Target Advisor reports.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research note on Saturday, May 7th. Cowen decreased their price objective on Lattice Semiconductor from $85.00 to $75.00 in a research report on Wednesday, May 4th. Rosenblatt Securities reiterated a “buy” rating and set a $68.00 price objective on shares of Lattice Semiconductor in a report on Friday, February 11th. Craig Hallum decreased their price target on Lattice Semiconductor from $60.00 to $55.00 in a research note on Thursday, May 5th. Finally, Susquehanna raised Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $65.00 price target on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Buy” and a consensus price target of $70.38.

LSCC opened at $48.82 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.02 and a quick ratio of 2.30. The firm’s fifty day moving average price is $52.97 and its 200 day moving average price is $62.48. Lattice Semiconductor has a 12-month low of $43.59 and a 12-month high of $85.45. The stock has a market capitalization of $6.72 billion, a PE ratio of 61.03 and a beta of 1.14.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $150.50 million during the quarter, compared to the consensus estimate of $146.25 million. Lattice Semiconductor had a return on equity of 29.28% and a net margin of 20.58%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. On average, equities research analysts forecast that Lattice Semiconductor will post 1.18 earnings per share for the current fiscal year.

In other Lattice Semiconductor news, VP Mark Jon Nelson sold 118,966 shares of the company’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $60.63, for a total value of $7,212,908.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Esam Elashmawi sold 3,982 shares of the stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of $63.86, for a total value of $254,290.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 369,543 shares of company stock valued at $20,050,514. Company insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in LSCC. Norges Bank bought a new position in shares of Lattice Semiconductor in the fourth quarter worth approximately $111,581,000. Robeco Schweiz AG raised its holdings in Lattice Semiconductor by 96.0% in the 1st quarter. Robeco Schweiz AG now owns 1,531,000 shares of the semiconductor company’s stock worth $93,314,000 after purchasing an additional 750,000 shares during the period. Invesco Ltd. grew its stake in shares of Lattice Semiconductor by 13.5% during the 3rd quarter. Invesco Ltd. now owns 6,286,195 shares of the semiconductor company’s stock valued at $406,403,000 after acquiring an additional 747,592 shares during the period. BlackRock Inc. lifted its stake in shares of Lattice Semiconductor by 2.8% during the 4th quarter. BlackRock Inc. now owns 21,633,746 shares of the semiconductor company’s stock valued at $1,667,096,000 after buying an additional 587,681 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Lattice Semiconductor by 1,422.4% in the 2nd quarter. Morgan Stanley now owns 566,980 shares of the semiconductor company’s stock worth $31,852,000 after purchasing an additional 529,738 shares in the last quarter. Hedge funds and other 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.

Featured Stories

Stock Target Advisor logo

Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.