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

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

LSCC has been the topic of several other reports. TD Cowen reduced their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird raised their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Finally, Susquehanna lowered their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $55.82 on Tuesday. The stock has a 50 day moving average price of $56.44 and a 200-day moving average price of $53.44. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The company has a market capitalization of $7.70 billion, a P/E ratio of 54.19 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter last year, the business earned $0.41 earnings per share. Lattice Semiconductor’s quarterly revenue was down 33.9% compared to the same quarter last year. As a group, equities analysts predict that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in shares of Lattice Semiconductor in the 2nd quarter valued at $146,000. Prudential PLC bought a new position in Lattice Semiconductor in the second quarter worth about $801,000. Global X Japan Co. Ltd. lifted its position in shares of Lattice Semiconductor by 50.4% during the second quarter. Global X Japan Co. Ltd. now owns 15,872 shares of the semiconductor company’s stock valued at $920,000 after buying an additional 5,318 shares during the last quarter. Andra AP fonden boosted its holdings in shares of Lattice Semiconductor by 22.7% in the 2nd quarter. Andra AP fonden now owns 144,000 shares of the semiconductor company’s stock valued at $8,351,000 after buying an additional 26,667 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Lattice Semiconductor by 6.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,600 shares of the semiconductor company’s stock worth $557,000 after buying an additional 600 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.