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

Lattice Semiconductor Co. (NASDAQ:LSCC) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $83.36.

LSCC has been the topic of several recent research reports. Needham & Company LLC raised their price objective on Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Benchmark boosted their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Susquehanna boosted their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research report on Tuesday, April 30th. Bank of America boosted their price objective on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, April 30th.

Lattice Semiconductor Trading Up 1.5 %

LSCC opened at $70.92 on Friday. The company has a market cap of $9.76 billion, a P/E ratio of 45.46, a PEG ratio of 14.56 and a beta of 1.41. The company’s 50 day moving average is $75.42 and its 200-day moving average is $68.74. Lattice Semiconductor has a 1-year low of $51.96 and a 1-year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. On average, equities analysts forecast that Lattice Semiconductor will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 124,116 shares in the company, valued at $9,281,394.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the transaction, the chief financial officer now directly owns 124,116 shares in the company, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock valued at $3,225,795 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of LSCC. Van ECK Associates Corp grew its stake in shares of Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 174 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Lattice Semiconductor in the 3rd quarter valued at about $26,000. GAMMA Investing LLC bought a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $28,000. American National Bank bought a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $28,000. Finally, Larson Financial Group LLC purchased a new position in shares of Lattice Semiconductor in the 3rd quarter worth approximately $29,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.