Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Up to $44.79

Lattice Semiconductor Co. (NASDAQ:LSCC) shares gapped up before the market opened on Monday . The stock had previously closed at $44.79, but opened at $47.24. Lattice Semiconductor shares last traded at $48.90, with a volume of 518,271 shares traded.

Wall Street Analysts Forecast Growth

LSCC has been the topic of a number of research reports. Susquehanna dropped their price target on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a research report on Tuesday, July 30th. Needham & Company LLC reiterated a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. KeyCorp cut their price target on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Finally, TD Cowen raised Lattice Semiconductor to a “strong-buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.08.

Lattice Semiconductor Stock Up 1.8 %

The firm has a market capitalization of $7.05 billion, a PE ratio of 32.83 and a beta of 1.38. The firm’s 50-day moving average price is $49.71 and its two-hundred day moving average price is $63.18.

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 net margin of 30.26% and a return on equity of 23.39%. The business had revenue of $124.08 million during the quarter, compared to the consensus estimate of $130.17 million. During the same period in the prior year, the company posted $0.40 earnings per share. The firm’s revenue was down 34.7% compared to the same quarter last year. Equities research analysts forecast that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Insider Activity

In related news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction dated 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 available at the SEC website. In related news, SVP Mark Jon Nelson sold 1,232 shares of the 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 transaction, the senior vice president now directly owns 14,919 shares in the company, valued at $730,732.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction 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 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. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Truist Financial Corp raised its position in shares of Lattice Semiconductor by 52.6% during the fourth quarter. Truist Financial Corp now owns 3,813 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 1,315 shares during the period. Principal Securities Inc. acquired a new stake in Lattice Semiconductor in the 4th quarter valued at $31,000. Dimensional Fund Advisors LP boosted its stake in shares of Lattice Semiconductor by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 681,919 shares of the semiconductor company’s stock worth $47,054,000 after buying an additional 25,849 shares during the last quarter. Norges Bank bought a new stake in Lattice Semiconductor during the fourth quarter worth about $98,684,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Lattice Semiconductor in the 4th quarter valued at approximately $409,000. 98.08% of the stock is owned by 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.