Brokerages Set Lattice Semiconductor Co. (NASDAQ:LSCC) PT at $62.00

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One research 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 brokers that have issued ratings on the stock in the last year is $62.00.

LSCC has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Raymond James lowered their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus raised their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Needham & Company LLC upped their price target on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, KeyCorp dropped their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th.

Lattice Semiconductor Trading Down 6.7 %

Shares of NASDAQ:LSCC opened at $58.55 on Monday. The firm has a market capitalization of $8.08 billion, a PE ratio of 56.85 and a beta of 1.42. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The business’s 50 day moving average is $54.73 and its 200-day moving average is $53.77.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share 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 firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The business’s revenue was down 33.9% compared to the same quarter last year. On average, sell-side analysts predict that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the sale, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. The trade was a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,172 shares of company stock worth $490,534. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the business. American National Bank & Trust grew its stake in shares of Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC grew its position in shares of Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after buying an additional 550 shares during the period. Hollencrest Capital Management bought a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at about $53,000. Blue Trust Inc. raised its position in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 407 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

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.