Lattice Semiconductor Co. (NASDAQ:LSCC) Given Average Recommendation of “Moderate Buy” by Brokerages

Lattice Semiconductor Co. (NASDAQ:LSCC) has earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $63.15.

A number of brokerages have recently commented on LSCC. Stifel Nicolaus boosted their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Loop Capital lowered their price objective on Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. KeyCorp decreased their target price on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Robert W. Baird upped their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Finally, StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the completion of the sale, the senior vice president now owns 87,106 shares in the company, valued at approximately $4,926,715.36. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director now owns 8,084 shares of the company’s stock, valued at approximately $420,610.52. This represents a 7.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,490 shares of company stock worth $777,363. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Large investors have recently modified their holdings of the stock. US Bancorp DE raised its stake in shares of Lattice Semiconductor by 2.9% during the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock worth $1,592,000 after purchasing an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lattice Semiconductor by 3.2% during the fourth 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 during the last quarter. Compass Wealth Management LLC purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth approximately $1,324,000. Barclays PLC raised its stake in shares of Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after purchasing an additional 372,301 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $50.46 on Thursday. Lattice Semiconductor has a 1-year low of $34.69 and a 1-year high of $78.29. The company has a market cap of $6.94 billion, a P/E ratio of 114.68, a P/E/G ratio of 3.03 and a beta of 1.60. The stock has a 50-day moving average of $50.28 and a two-hundred day moving average of $55.34.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. During the same period in the previous year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

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.