Lattice Semiconductor Co. (NASDAQ:LSCC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $65.17.

A number of brokerages have weighed in on LSCC. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. TD Cowen reduced their price target on shares of Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Susquehanna lowered their price objective on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a research report on Tuesday, July 30th. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th. Finally, KeyCorp decreased their target price on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $44.81 on Friday. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $92.23. The firm has a market capitalization of $6.16 billion, a P/E ratio of 28.72 and a beta of 1.38. The company’s fifty day moving average price is $50.82 and its 200 day moving average price is $64.05.

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

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the firm’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 sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was 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 in the company, valued at $730,732.62. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in shares of Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares during the period. Rise Advisors LLC purchased a new position in Lattice Semiconductor in the 1st quarter valued at approximately $30,000. American National Bank purchased a new position in Lattice Semiconductor in the 4th quarter valued at approximately $28,000. Principal Securities Inc. acquired a new position in Lattice Semiconductor during the fourth quarter worth $31,000. Finally, GAMMA Investing LLC boosted its position in Lattice Semiconductor by 82.4% during the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 333 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.