Lattice Semiconductor (NASDAQ:LSCC) Trading 6.5% Higher on Analyst Upgrade

Lattice Semiconductor Co. (NASDAQ:LSCC) shot up 6.5% during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $55.00 to $65.00. Stifel Nicolaus currently has a buy rating on the stock. Lattice Semiconductor traded as high as $63.41 and last traded at $63.33. 232,962 shares were traded during trading, a decline of 90% from the average session volume of 2,362,672 shares. The stock had previously closed at $59.48.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC increased their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. TD Cowen decreased their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. KeyCorp lowered their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Susquehanna lowered their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,076 shares of company stock worth $421,990. Company insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LSCC. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Lattice Semiconductor during the second quarter worth $262,000. V Square Quantitative Management LLC purchased a new position in shares of Lattice Semiconductor during the second quarter worth $110,000. Swedbank AB raised its holdings in shares of Lattice Semiconductor by 0.6% during the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after purchasing an additional 300 shares during the last quarter. Outlook Wealth Advisors LLC purchased a new position in shares of Lattice Semiconductor during the second quarter worth $250,000. Finally, Blue Trust Inc. raised its holdings in shares of Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

The company’s fifty day moving average is $53.72 and its 200-day moving average is $54.26. The stock has a market cap of $8.69 billion, a PE ratio of 61.17 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis. Analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

About Lattice Semiconductor

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.