Lattice Semiconductor Corporation (NASDAQ:LSCC – Get Free Report) CEO Ford Tamer acquired 9,790 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was purchased at an average price of $102.52 per share, for a total transaction of $1,003,670.80. Following the completion of the transaction, the chief executive officer owned 19,790 shares in the company, valued at $2,028,870.80. The trade was a 97.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Lattice Semiconductor Stock Down 8.6%
Shares of Lattice Semiconductor stock opened at $98.03 on Friday. The company has a market cap of $13.94 billion, a P/E ratio of 110.57, a PEG ratio of 1.63 and a beta of 1.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 1.92. Lattice Semiconductor Corporation has a one year low of $60.50 and a one year high of $157.01. The firm has a fifty day moving average of $114.10 and a two-hundred day moving average of $115.71.
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last released its earnings results on Monday, November 2nd. The semiconductor company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.55 by $0.17. The company had revenue of $291.04 million during the quarter, compared to analysts’ expectations of $255.90 million. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The business’s revenue was up 118.3% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. On average, analysts forecast that Lattice Semiconductor Corporation will post 1.11 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. KeyCorp lifted their price objective on Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Jefferies Financial Group increased their target price on Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. William Blair assumed coverage on Lattice Semiconductor in a report on Tuesday, October 6th. They issued an “outperform” rating for the company. Needham & Company LLC lifted their price target on Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $166.82.
Check Out Our Latest Analysis on LSCC
Hedge Funds Weigh In On Lattice Semiconductor
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Lattice Semiconductor during the second quarter worth $2,637,161,000. Pictet Asset Management Holding SA boosted its position in Lattice Semiconductor by 18.5% during the third quarter. Pictet Asset Management Holding SA now owns 2,197,117 shares of the semiconductor company’s stock worth $276,002,000 after purchasing an additional 342,248 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Lattice Semiconductor during the second quarter worth $177,497,000. TimesSquare Capital Management LLC acquired a new stake in Lattice Semiconductor in the second quarter valued at $173,633,000. Finally, Bank of New York Mellon Corp acquired a new stake in Lattice Semiconductor in the second quarter valued at $139,705,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.
About Lattice Semiconductor
Lattice Semiconductor Corporation (NASDAQ: LSCC) designs and develops low-power programmable semiconductor devices and related software. Its product portfolio includes field-programmable gate arrays (FPGAs), complex programmable logic devices, programmable system control solutions, and connectivity products that enable customers to configure and update electronic systems after manufacturing.
The company’s products are used in communications and networking equipment, industrial systems, automotive applications, data-center and computing hardware, consumer electronics, and aerospace and defense products.
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