Lattice Semiconductor (NASDAQ:LSCC) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a sell rating to a hold rating in a report published on Friday morning.

LSCC has been the subject of a number of other research reports. Rosenblatt Securities reissued a buy rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Robert W. Baird increased their price target on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the company an outperform rating in a research report on Tuesday, April 30th. Jefferies Financial Group restated a buy rating and issued a $88.00 price objective (up from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Benchmark reaffirmed a buy rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Thursday, July 18th. Finally, Susquehanna boosted their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of Moderate Buy and a consensus target price of $82.09.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $55.07 on Friday. Lattice Semiconductor has a 52-week low of $51.96 and a 52-week high of $98.30. The business’s fifty day moving average is $62.78 and its 200 day moving average is $68.94. The company has a market capitalization of $7.57 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 11.98 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. On average, sell-side analysts forecast that Lattice Semiconductor will post 0.68 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the sale, the director now directly owns 1,920 shares in the company, valued at $132,864. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Glenn O’rourke sold 1,241 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total transaction of $92,504.14. Following the sale, the senior vice president now directly owns 12,084 shares in the company, valued at approximately $900,741.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,566 shares of company stock valued at $3,664,529. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its position in Lattice Semiconductor by 11.5% in the 1st quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock worth $115,000 after buying an additional 152 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. State of Michigan Retirement System grew its position in Lattice Semiconductor by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after purchasing an additional 200 shares during the period. Yousif Capital Management LLC raised its stake in Lattice Semiconductor by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock valued at $4,457,000 after buying an additional 230 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Lattice Semiconductor by 16.1% in the 1st quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock worth $150,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.