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

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $63.08.

Several equities analysts recently weighed in on LSCC shares. Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Thursday, August 8th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. TD Cowen raised Lattice Semiconductor to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $61.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, September 17th.

Insider Transactions at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Lattice Semiconductor by 33.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 119,210 shares of the semiconductor company’s stock valued at $6,913,000 after purchasing an additional 29,619 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after purchasing an additional 294,290 shares in the last quarter. Ariadne Wealth Management LP acquired a new stake in Lattice Semiconductor during the 2nd quarter valued at $2,090,000. Cetera Investment Advisers increased its holdings in Lattice Semiconductor by 280.3% during the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after purchasing an additional 13,236 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Lattice Semiconductor by 27.0% during the 2nd quarter. Mackenzie Financial Corp now owns 34,292 shares of the semiconductor company’s stock valued at $1,989,000 after purchasing an additional 7,291 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $51.31 on Wednesday. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $87.64. The business has a 50-day moving average of $48.50 and a two-hundred day moving average of $61.48. The stock has a market capitalization of $7.06 billion, a P/E ratio of 32.89 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $130.17 million. During the same period in the prior year, the firm earned $0.40 EPS. Lattice Semiconductor’s quarterly revenue was down 34.7% on a year-over-year basis. As a group, research analysts expect that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Lattice Semiconductor Company Profile

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.