Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Up to $47.05

Lattice Semiconductor Co. (NASDAQ:LSCC) gapped up before the market opened on Friday . The stock had previously closed at $47.05, but opened at $48.29. Lattice Semiconductor shares last traded at $48.10, with a volume of 46,837 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LSCC. Susquehanna decreased their price target on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research note on Tuesday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $88.00 target price (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Thursday, August 8th. Needham & Company LLC decreased their price objective on Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Bank of America lowered Lattice Semiconductor from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $83.00 to $47.00 in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.17.

Lattice Semiconductor Trading Up 1.7 %

The business has a 50-day moving average of $53.38 and a 200 day moving average of $65.96. The firm has a market capitalization of $6.58 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 12.19 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue for the quarter was down 34.7% on a year-over-year basis. On average, sell-side analysts expect that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in shares of Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares in the last quarter. Rise Advisors LLC bought a new stake in Lattice Semiconductor during the 1st quarter valued at $30,000. American National Bank purchased a new position in Lattice Semiconductor during the 4th quarter valued at about $28,000. GAMMA Investing LLC purchased a new position in shares of Lattice Semiconductor during the fourth quarter valued at approximately $28,000. Finally, Principal Securities Inc. bought a new stake in Lattice Semiconductor during the 4th quarter valued at approximately $31,000. 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.