Lattice Semiconductor (NASDAQ:LSCC) Upgraded by Loop Capital to “Strong-Buy” Rating

Loop Capital upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Monday, February 10th. Robert W. Baird increased their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. Benchmark raised their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $67.69.

Lattice Semiconductor Stock Down 9.4 %

Shares of NASDAQ:LSCC opened at $39.03 on Thursday. The business’s 50 day moving average is $59.29 and its 200 day moving average is $56.59. The stock has a market cap of $5.37 billion, a P/E ratio of 88.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor has a 52-week low of $38.72 and a 52-week high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,740 shares of company stock worth $943,026. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSCC. Pier Capital LLC raised its stake in shares of Lattice Semiconductor by 114.7% during the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after buying an additional 86,276 shares during the last quarter. Stifel Financial Corp raised its position in Lattice Semiconductor by 99.0% during the third quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock valued at $3,172,000 after acquiring an additional 29,734 shares in the last quarter. US Bancorp DE lifted its holdings in Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock valued at $1,592,000 after acquiring an additional 800 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Lattice Semiconductor by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company’s stock worth $53,217,000 after purchasing an additional 29,516 shares in the last quarter. Finally, Compass Wealth Management LLC acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth approximately $1,324,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.