Lattice Semiconductor (NASDAQ:LSCC) Research Coverage Started at Loop Capital

Loop Capital assumed coverage on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $85.00 price target on the semiconductor company’s stock.

Several other equities analysts have also recently commented on the stock. Susquehanna boosted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Benchmark lifted their price target 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 boosted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.69.

Lattice Semiconductor Trading Down 9.4 %

Shares of LSCC stock opened at $39.03 on Friday. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 88.71, a P/E/G ratio of 3.03 and a beta of 1.64. Lattice Semiconductor has a 1-year low of $38.72 and a 1-year high of $78.85. The stock’s fifty day simple moving average is $59.29 and its 200-day simple moving average is $56.66.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share 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%. On average, sell-side analysts predict that Lattice Semiconductor will post 0.65 EPS for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. The trade was a 2.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LSCC. Pier Capital LLC grew its position in Lattice Semiconductor by 114.7% during the third quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock worth $8,571,000 after buying an additional 86,276 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Lattice Semiconductor by 99.0% in the 3rd quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock worth $3,172,000 after acquiring an additional 29,734 shares during the period. US Bancorp DE grew its holdings in shares of Lattice Semiconductor by 2.9% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 valued at $53,217,000 after purchasing an additional 29,516 shares during the period. Finally, Compass Wealth Management LLC acquired a new position in shares of Lattice Semiconductor in the fourth quarter valued at $1,324,000. Institutional investors own 98.08% of the company’s stock.

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.