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

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $58.42.

A number of research analysts have recently commented on LSCC shares. Deutsche Bank Aktiengesellschaft dropped their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Raymond James cut their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. KeyCorp reduced 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. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Finally, TD Cowen reduced their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $57.48 on Thursday. The company has a market capitalization of $7.93 billion, a P/E ratio of 56.86 and a beta of 1.39. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The company’s 50-day moving average is $52.20 and its 200 day moving average is $55.45.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter in the previous year, the firm posted $0.41 EPS. Lattice Semiconductor’s revenue was down 33.9% on a year-over-year basis. As a group, research analysts predict that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Activity

In other news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % 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 Investors Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares during the last quarter. Swedbank AB purchased a new stake in shares of Lattice Semiconductor in the first quarter worth $4,186,000. Stephens Investment Management Group LLC increased its stake in Lattice Semiconductor by 22.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after purchasing an additional 142,005 shares in the last quarter. Marshall Financial Group LLC purchased a new position in Lattice Semiconductor in the 2nd quarter worth approximately $721,000. Finally, Cetera Investment Advisers raised its stake in shares of Lattice Semiconductor by 280.3% in the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock worth $1,041,000 after purchasing an additional 13,236 shares during the last quarter. 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.