Lattice Semiconductor (NASDAQ:LSCC) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a sell rating to a hold rating in a research report released on Friday morning.

Other equities analysts have also issued research reports about the company. Robert W. Baird lifted their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the company an outperform rating in a research note on Tuesday, April 30th. Jefferies Financial Group reiterated a buy rating and issued a $88.00 price objective (up from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Susquehanna lifted their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a report on Tuesday, April 30th. Bank of America boosted their target price on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a neutral rating in a report on Tuesday, April 30th. Finally, Rosenblatt Securities restated a buy rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $82.09.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $54.96 on Friday. The stock has a 50-day simple moving average of $62.41 and a two-hundred day simple moving average of $68.87. The firm has a market capitalization of $7.56 billion, a P/E ratio of 35.23, a PEG ratio of 11.98 and a beta of 1.39. Lattice Semiconductor has a fifty-two week low of $51.96 and a fifty-two week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. As a group, analysts forecast that Lattice Semiconductor will post 0.68 earnings per share for the current year.

Insider Activity

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 16,465 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 16,465 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at approximately $132,864. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,566 shares of company stock valued at $3,664,529. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Lattice Semiconductor

A number of large investors have recently modified their holdings of LSCC. Pacer Advisors Inc. increased its position in shares of Lattice Semiconductor by 28.1% during the fourth quarter. Pacer Advisors Inc. now owns 31,807 shares of the semiconductor company’s stock worth $2,194,000 after acquiring an additional 6,969 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Lattice Semiconductor by 770.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 48,019 shares of the semiconductor company’s stock worth $3,313,000 after purchasing an additional 42,503 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Lattice Semiconductor by 129.4% during the fourth quarter. Blue Trust Inc. now owns 601 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 339 shares in the last quarter. Drive Wealth Management LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth $495,000. Finally, State of Michigan Retirement System grew its stake in shares of Lattice Semiconductor by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other 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.