Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Down to $74.24

Lattice Semiconductor Co. (NASDAQ:LSCCGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $74.24, but opened at $66.63. Lattice Semiconductor shares last traded at $62.79, with a volume of 1,552,134 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on LSCC. Needham & Company LLC restated a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. KeyCorp increased their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Susquehanna boosted their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research note on Tuesday, April 30th. Bank of America increased their target price on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus lowered their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

Get Our Latest Analysis on Lattice Semiconductor

Lattice Semiconductor Trading Down 1.9 %

The company’s fifty day simple moving average is $72.91 and its 200 day simple moving average is $70.31. The stock has a market capitalization of $8.47 billion, a P/E ratio of 39.46, a P/E/G ratio of 13.65 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last posted its earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The business had revenue of $140.82 million during the quarter, compared to analysts’ expectations of $140.08 million. Equities research analysts predict that Lattice Semiconductor Co. will post 0.68 earnings per share for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,210 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $72.97, for a total value of $88,293.70. Following the completion of the transaction, the senior vice president now owns 14,554 shares of the company’s stock, valued at approximately $1,062,005.38. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the sale, the director now owns 1,920 shares in the company, valued at $132,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,210 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $72.97, for a total value of $88,293.70. Following the transaction, the senior vice president now owns 14,554 shares in the company, valued at $1,062,005.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,566 shares of company stock worth $3,664,529. Insiders own 1.19% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of LSCC. FMR LLC boosted its stake in shares of Lattice Semiconductor by 5.9% in the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock valued at $1,245,356,000 after purchasing an additional 807,562 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Lattice Semiconductor by 6.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after buying an additional 611,550 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Lattice Semiconductor by 43.5% in the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after buying an additional 1,889,110 shares during the period. Invesco Ltd. lifted its stake in shares of Lattice Semiconductor by 7.5% in the 3rd quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock valued at $413,708,000 after acquiring an additional 335,564 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Lattice Semiconductor by 78.7% during the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock valued at $195,179,000 after acquiring an additional 1,098,962 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

(Get Free Report)

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.

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