Lattice Semiconductor (NASDAQ:LSCC) Stock Rating Upgraded by TD Cowen

TD Cowen upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) to a strong-buy rating in a report published on Monday, Zacks.com reports.

Several other equities analysts also recently weighed in on LSCC. KeyCorp decreased their price target on shares of Lattice Semiconductor from $85.00 to $60.00 and set an overweight rating on the stock in a research note on Tuesday, July 30th. Benchmark reissued a buy rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday. Susquehanna lowered their target price on Lattice Semiconductor from $85.00 to $65.00 and set a positive rating on the stock in a report on Tuesday, July 30th. StockNews.com cut Lattice Semiconductor from a hold rating to a sell rating in a report on Saturday, August 3rd. Finally, Needham & Company LLC lowered their price objective on Lattice Semiconductor from $80.00 to $61.00 and set a buy rating on the stock in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $63.08.

Lattice Semiconductor Trading Up 12.3 %

NASDAQ:LSCC opened at $50.31 on Monday. The firm has a market cap of $6.92 billion, a P/E ratio of 32.25 and a beta of 1.38. The stock has a 50 day moving average of $49.88 and a two-hundred day moving average of $63.37. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $87.87.

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

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated 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 owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Lattice Semiconductor during the 1st quarter worth about $30,000. Principal Securities Inc. acquired a new stake in shares of Lattice Semiconductor during the fourth quarter worth about $31,000. West Oak Capital LLC lifted its position in shares of Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Lattice Semiconductor by 82.4% in the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 333 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

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.