Lattice Semiconductor (NASDAQ:LSCC) Upgraded to Hold at StockNews.com

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

Several other equities research analysts have also commented on LSCC. KeyCorp boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday. Robert W. Baird boosted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Finally, Stifel Nicolaus boosted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Trading Up 1.6 %

NASDAQ LSCC opened at $64.42 on Friday. The business’s 50 day moving average is $58.00 and its two-hundred day moving average is $53.14. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 62.54 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Equities analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Pravin Desale sold 1,096 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $22,827.10. This represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LSCC. Price T Rowe Associates Inc. MD lifted its stake in shares of Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after purchasing an additional 4,676,100 shares during the period. Norges Bank acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth $88,674,000. TimesSquare Capital Management LLC increased its holdings in shares of Lattice Semiconductor by 2,923.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after buying an additional 1,473,154 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter worth $49,297,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth $44,147,000. Hedge funds and other 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.