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

Lattice Semiconductor Co. (NASDAQ:LSCC) shares gapped up prior to trading 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 changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report 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, Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $63.08.

Lattice Semiconductor Stock Up 1.8 %

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

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. Lattice Semiconductor’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. As a group, analysts predict that Lattice Semiconductor Co. will post 0.59 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,416,771.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction 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 disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently modified their holdings of LSCC. Franklin Resources Inc. increased its stake in Lattice Semiconductor by 43.5% during the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after buying an additional 1,889,110 shares during the period. Norges Bank bought a new position in Lattice Semiconductor during the 4th quarter valued at $98,684,000. Rokos Capital Management LLP grew its stake in Lattice Semiconductor by 1,592.8% in the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after purchasing an additional 1,141,230 shares in the last quarter. William Blair Investment Management LLC raised its stake in 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 buying an additional 1,098,962 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings 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 during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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.