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

Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) has earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $73.22.

A number of analysts have weighed in on the company. Susquehanna increased their price objective on Lattice Semiconductor from $65.00 to $72.00 and gave the stock a “positive” rating in a research report on Tuesday, August 2nd. Susquehanna Bancshares increased their price objective on Lattice Semiconductor from $65.00 to $72.00 and gave the stock a “positive” rating in a research report on Tuesday, August 2nd. Cowen increased their price objective on Lattice Semiconductor from $70.00 to $78.00 in a research report on Tuesday, August 2nd. StockNews.com raised Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. Finally, Cowen increased their price objective on Lattice Semiconductor from $70.00 to $78.00 in a research report on Tuesday, August 2nd.

Lattice Semiconductor Stock Down 1.4 %

Shares of NASDAQ LSCC opened at $54.51 on Tuesday. The stock has a market cap of $7.49 billion, a PE ratio of 56.20 and a beta of 1.23. The company has a quick ratio of 2.23, a current ratio of 2.96 and a debt-to-equity ratio of 0.30. Lattice Semiconductor has a 52-week low of $43.41 and a 52-week high of $85.45. The business has a 50-day moving average price of $56.88 and a 200 day moving average price of $53.93.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its earnings results on Monday, August 1st. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $161.37 million during the quarter, compared to analysts’ expectations of $157.98 million. Lattice Semiconductor had a return on equity of 34.11% and a net margin of 23.20%. The business’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. Equities research analysts forecast that Lattice Semiconductor will post 1.32 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other news, Director Mark Edwin Jensen sold 9,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $47.73, for a total transaction of $429,570.00. Following the completion of the transaction, the director now directly owns 97,841 shares of the company’s stock, valued at approximately $4,669,950.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Mark Edwin Jensen sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $47.73, for a total value of $429,570.00. Following the completion of the transaction, the director now directly owns 97,841 shares of the company’s stock, valued at approximately $4,669,950.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stephen Douglass sold 6,520 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $63.74, for a total value of $415,584.80. Following the completion of the transaction, the senior vice president now directly owns 121,502 shares of the company’s stock, valued at $7,744,537.48. The disclosure for this sale can be found here. In the last three months, insiders sold 100,893 shares of company stock valued at $5,886,628. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds have recently bought and sold shares of the company. CWM LLC increased its position in Lattice Semiconductor by 338.6% during the first quarter. CWM LLC now owns 557 shares of the semiconductor company’s stock worth $34,000 after buying an additional 430 shares in the last quarter. Parallel Advisors LLC increased its position in Lattice Semiconductor by 84.6% during the first quarter. Parallel Advisors LLC now owns 539 shares of the semiconductor company’s stock worth $34,000 after buying an additional 247 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Lattice Semiconductor during the first quarter worth $35,000. Prospera Financial Services Inc purchased a new position in Lattice Semiconductor during the first quarter worth $39,000. Finally, Quadrant Capital Group LLC increased its position in Lattice Semiconductor by 83.6% during the first quarter. Quadrant Capital Group LLC now owns 685 shares of the semiconductor company’s stock worth $42,000 after buying an additional 312 shares in the last quarter. 95.57% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Company Profile

(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.

Further Reading

Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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