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

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

A number of other equities analysts have also recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Susquehanna decreased their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, TD Cowen cut their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $62.00.

Lattice Semiconductor Stock Up 0.6 %

NASDAQ LSCC opened at $55.82 on Tuesday. The company has a 50-day simple moving average of $56.33 and a two-hundred day simple moving average of $53.43. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 54.19 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same period last year, the company earned $0.41 EPS. Lattice Semiconductor’s revenue for the quarter was down 33.9% compared to the same quarter last year. Equities analysts expect 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 Pravin Desale sold 4,387 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 represents a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the stock. American National Bank & Trust grew its holdings in shares of Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 709 shares during the period. Hollencrest Capital Management bought a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at about $53,000. Brooklyn Investment Group purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at about $89,000. GAMMA Investing LLC lifted its stake in shares of Lattice Semiconductor by 257.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 1,534 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Lattice Semiconductor in the second quarter worth approximately $146,000. 98.08% of the stock is currently 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.