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

Lattice Semiconductor Co. (NASDAQ:LSCC) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $63.15.

LSCC has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. KeyCorp dropped their price target on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Susquehanna lifted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, Benchmark restated a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th.

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 700 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the transaction, the director now owns 8,084 shares in the company, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the completion of the transaction, the senior vice president now owns 87,106 shares of the company’s stock, valued at $4,926,715.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. US Bancorp DE raised its stake in shares of Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock worth $1,592,000 after purchasing an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Lattice Semiconductor by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company’s stock worth $53,217,000 after acquiring an additional 29,516 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Lattice Semiconductor in the fourth quarter worth $834,000. Rhumbline Advisers grew its holdings in shares of Lattice Semiconductor by 1.9% in the fourth quarter. Rhumbline Advisers now owns 398,152 shares of the semiconductor company’s stock worth $22,555,000 after acquiring an additional 7,610 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after acquiring an additional 229,820 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

LSCC opened at $48.02 on Monday. The stock’s 50 day simple moving average is $46.73 and its 200 day simple moving average is $54.87. Lattice Semiconductor has a 1 year low of $34.69 and a 1 year high of $70.55. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 109.14, a PEG ratio of 3.03 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. As a group, sell-side analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current 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.