Lattice Semiconductor Co. (NASDAQ:LSCC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $58.42.

LSCC has been the subject of a number of analyst reports. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. KeyCorp lowered their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Raymond James reduced their price target on Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Rosenblatt Securities restated a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares of the company's stock, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSCC. Blue Trust Inc. lifted its holdings in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 748 shares in the last quarter. Swedbank AB purchased a new stake in Lattice Semiconductor in the 1st quarter worth $4,186,000. Stephens Investment Management Group LLC grew its position in shares of Lattice Semiconductor by 22.2% during the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company's stock valued at $41,409,000 after purchasing an additional 142,005 shares in the last quarter. Marshall Financial Group LLC purchased a new position in shares of Lattice Semiconductor in the 2nd quarter worth $721,000. Finally, Cetera Investment Advisers increased its stake in Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company's stock worth $1,041,000 after acquiring an additional 13,236 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

LSCC stock opened at $50.75 on Thursday. The firm has a 50 day simple moving average of $51.84 and a two-hundred day simple moving average of $55.80. The stock has a market cap of $7.00 billion, a PE ratio of 49.27 and a beta of 1.39. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced 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. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company's revenue was down 33.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. On average, research analysts expect that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

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.