Loop Capital Begins Coverage on Lattice Semiconductor (NASDAQ:LSCC)

Equities researchers at Loop Capital initiated coverage on shares of Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The firm set a "buy" rating and a $85.00 price target on the semiconductor company's stock. Loop Capital's target price suggests a potential upside of 99.07% from the company's previous close.

A number of other research firms have also recently commented on LSCC. Benchmark boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Susquehanna lifted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus increased their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.69.

Lattice Semiconductor Stock Up 12.8 %

Shares of Lattice Semiconductor stock traded up $4.86 during trading hours on Friday, hitting $42.70. The company's stock had a trading volume of 1,487,214 shares, compared to its average volume of 2,471,761. The company has a market capitalization of $5.88 billion, a PE ratio of 95.89, a P/E/G ratio of 3.03 and a beta of 1.64. The business has a fifty day moving average of $58.23 and a 200 day moving average of $56.32. Lattice Semiconductor has a 1-year low of $34.69 and a 1-year high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares of the company's stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Lattice Semiconductor by 7,924.5% in the 1st quarter. GAMMA Investing LLC now owns 218,507 shares of the semiconductor company's stock valued at $11,461,000 after purchasing an additional 215,784 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock valued at $32,000 after buying an additional 410 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Lattice Semiconductor by 42.7% during the fourth quarter. Wellington Management Group LLP now owns 532,111 shares of the semiconductor company's stock valued at $30,144,000 after buying an additional 159,242 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth approximately $1,209,000. Finally, Polar Asset Management Partners Inc. bought a new position in Lattice Semiconductor in the 4th quarter worth approximately $5,353,000. Institutional investors and hedge funds own 98.08% of the company's stock.

Lattice Semiconductor Company Profile

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.