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 report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently commented on LSCC. Benchmark increased their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird raised their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Susquehanna upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $67.69.

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $39.03 on Thursday. Lattice Semiconductor has a 1-year low of $38.72 and a 1-year high of $78.85. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 88.71, a PEG ratio of 3.03 and a beta of 1.43. The stock has a 50 day simple moving average of $59.29 and a 200-day simple moving average of $56.59.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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%. Analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,740 shares of company stock worth $943,026. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Lattice Semiconductor by 209.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 410 shares during the period. UMB Bank n.a. lifted its holdings in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Lattice Semiconductor in the 4th quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its position in Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 340 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares in the last quarter. 98.08% of the stock is 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.