Lattice Semiconductor (NASDAQ:LSCC) Lifted to “Hold” at StockNews.com

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

A number of other brokerages also recently commented on LSCC. Needham & Company LLC restated a buy rating and issued a $80.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, June 4th. Benchmark restated a buy rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Thursday, July 18th. Bank of America lifted their target price on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a neutral rating in a research note on Tuesday, April 30th. Susquehanna increased 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. Finally, Jefferies Financial Group restated a buy rating and set a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $82.09.

Lattice Semiconductor Stock Performance

LSCC stock opened at $55.07 on Friday. The firm has a 50 day simple moving average of $62.78 and a 200 day simple moving average of $68.94. Lattice Semiconductor has a 52 week low of $51.96 and a 52 week high of $98.30. The stock has a market cap of $7.57 billion, a P/E ratio of 35.30, a P/E/G ratio of 11.98 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last issued its 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. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. Sell-side analysts predict that Lattice Semiconductor will post 0.68 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 16,465 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total value of $1,185,150.70. Following the completion of the sale, the chief financial officer now directly owns 109,116 shares of the company’s stock, valued at approximately $7,854,169.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Glenn O’rourke sold 1,241 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sherri R. Luther sold 16,465 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now directly owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The disclosure for this sale can be found here. Insiders sold 49,566 shares of company stock worth $3,664,529 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Large investors have recently made changes to their positions in the business. Artisan Partners Limited Partnership lifted its position in Lattice Semiconductor by 6.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after buying an additional 611,550 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Lattice Semiconductor by 43.5% during the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after purchasing an additional 1,889,110 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Lattice Semiconductor by 78.7% during the first quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock valued at $195,179,000 after purchasing an additional 1,098,962 shares during the last quarter. Robeco Schweiz AG grew its stake in shares of Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after purchasing an additional 132,000 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $98,684,000. 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.