Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Up to $47.05

Lattice Semiconductor Co. (NASDAQ:LSCC) gapped up before the market opened on Friday . The stock had previously closed at $47.05, but opened at $48.29. Lattice Semiconductor shares last traded at $48.10, with a volume of 46,837 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LSCC shares. Benchmark reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Thursday, July 18th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. KeyCorp decreased their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Susquehanna decreased their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. Finally, Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.17.

Lattice Semiconductor Stock Performance

The firm’s 50-day moving average is $53.16 and its two-hundred day moving average is $65.75. The stock has a market cap of $6.51 billion, a P/E ratio of 30.36, a PEG ratio of 12.19 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company had revenue of $124.08 million during the quarter, compared to the consensus estimate of $130.17 million. During the same quarter last year, the firm earned $0.40 EPS. The business’s revenue for the quarter was down 34.7% on a year-over-year basis. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Insider Buying and Selling

In related news, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Artisan Partners Limited Partnership raised its position in shares of Lattice Semiconductor by 6.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after acquiring an additional 611,550 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Lattice Semiconductor by 43.5% during the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after acquiring an additional 1,889,110 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after buying an additional 668,132 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after buying an additional 294,290 shares during the period. Finally, Robeco Schweiz AG grew its holdings in shares of Lattice Semiconductor by 9.5% in the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after buying an additional 132,000 shares during the period. Institutional investors own 98.08% of the company’s stock.

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.