Lattice Semiconductor (NASDAQ:LSCC) Shares Break Above 50 Day Moving Average – What’s Next?

Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $113.78 and traded as high as $114.75. Lattice Semiconductor shares last traded at $113.89, with a volume of 4,258,875 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LSCC. Zacks Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Stifel Nicolaus lifted their target price on shares of Lattice Semiconductor from $165.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Jefferies Financial Group upped their price target on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Rosenblatt Securities upped their price target on shares of Lattice Semiconductor from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 3rd. Finally, Wall Street Zen cut shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of “Buy” and an average price target of $166.82.

Lattice Semiconductor Price Performance

The company has a 50-day moving average of $113.92 and a 200-day moving average of $116.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 1.92. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of 114.69 and a beta of 1.90.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.17. Lattice Semiconductor had a return on equity of 14.94% and a net margin of 5.53%. The company had revenue of $291.04 million during the quarter, compared to analysts’ expectations of $255.90 million. During the same period last year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was up 118.3% on a year-over-year basis. As a group, equities research analysts predict that Lattice Semiconductor Corporation will post 1.31 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,039 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $111.83, for a total value of $228,021.37. Following the transaction, the senior vice president directly owned 73,456 shares of the company’s stock, valued at approximately $8,214,584.48. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Esam Elashmawi sold 15,742 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $134.77, for a total transaction of $2,121,549.34. Following the completion of the transaction, the senior vice president directly owned 155,420 shares in the company, valued at $20,945,953.40. This represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 20,111 shares of company stock worth $2,638,123 over the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Signature Equity Partners LLC boosted its holdings in Lattice Semiconductor by 160.5% in the 3rd quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 130 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Lattice Semiconductor by 3.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 4,225 shares of the semiconductor company’s stock worth $531,000 after buying an additional 137 shares in the last quarter. Allworth Financial LP raised its stake in shares of Lattice Semiconductor by 21.5% during the 3rd quarter. Allworth Financial LP now owns 818 shares of the semiconductor company’s stock worth $103,000 after buying an additional 145 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Lattice Semiconductor by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $182,000 after buying an additional 180 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Lattice Semiconductor by 53.5% in the 2nd quarter. Versant Capital Management Inc now owns 531 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 185 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

About Lattice Semiconductor

Lattice Semiconductor is a fabless semiconductor company that develops programmable logic devices, including field-programmable gate arrays (FPGAs). Its products let customers configure hardware for specific applications and are supported by design software and development tools. The company focuses on low-power programmable solutions used in areas such as communications, computing, industrial systems, automotive applications and consumer electronics. Lattice serves customers and markets globally.