Lattice Semiconductor (NASDAQ:LSCC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Lattice Semiconductor (NASDAQ:LSCC - Free Report) from a sell rating to a hold rating in a research note published on Friday.

A number of other research analysts have also recently issued reports on LSCC. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. 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 note on Tuesday, February 11th. KeyCorp boosted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Stifel Nicolaus boosted their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Raymond James decreased their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $66.25.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded up $1.03 during mid-day trading on Friday, reaching $64.42. The stock had a trading volume of 1,774,036 shares, compared to its average volume of 1,900,805. The stock has a 50-day simple moving average of $58.21 and a two-hundred day simple moving average of $53.35. The stock has a market capitalization of $8.89 billion, a PE ratio of 62.54 and a beta of 1.41. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Equities analysts expect that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares in the company, valued at $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,635 shares of company stock worth $377,108. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of LSCC. Price T Rowe Associates Inc. MD lifted its holdings in Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after buying an additional 4,676,100 shares during the period. Norges Bank acquired a new position in Lattice Semiconductor in the fourth quarter valued at $88,674,000. TimesSquare Capital Management LLC lifted its holdings in Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock valued at $86,309,000 after buying an additional 1,473,154 shares during the period. Janus Henderson Group PLC lifted its holdings in Lattice Semiconductor by 740.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company's stock valued at $76,843,000 after buying an additional 1,195,624 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Lattice Semiconductor during the third quarter valued at about $49,297,000. 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.