Lattice Semiconductor Co. (NASDAQ:LSCC) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $66.25.

A number of analysts have recently commented on the company. Susquehanna boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, February 11th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Needham & Company LLC restated a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, Stifel Nicolaus raised their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded up $0.98 during midday trading on Friday, reaching $61.30. 1,355,923 shares of the company traded hands, compared to its average volume of 2,412,923. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 139.69, a PEG ratio of 3.03 and a beta of 1.41. The stock has a 50-day moving average price of $59.02 and a 200 day moving average price of $54.69. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69.

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Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, analysts expect that Lattice Semiconductor will post 0.65 EPS for the current year.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 1,096 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at $22,827.10. This represents a 75.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,686 shares of company stock worth $1,118,722. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently modified their holdings of LSCC. Sterling Capital Management LLC grew its position in Lattice Semiconductor by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock worth $170,000 after purchasing an additional 163 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Lattice Semiconductor by 15.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after acquiring an additional 190 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after acquiring an additional 224 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock worth $240,000 after purchasing an additional 231 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. 98.08% of the stock is owned by 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.