Lattice Semiconductor (NASDAQ:LSCC) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.43 and traded as high as $58.97. Lattice Semiconductor shares last traded at $57.27, with a volume of 2,266,091 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LSCC. Stifel Nicolaus increased their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. KeyCorp cut their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Susquehanna decreased their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a research report on Tuesday, November 5th. Finally, Raymond James dropped their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

Lattice Semiconductor Price Performance

The company has a market cap of $7.66 billion, a P/E ratio of 53.88 and a beta of 1.41. The company has a fifty day simple moving average of $56.27 and a 200-day simple moving average of $53.43.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company had revenue of $127.09 million during the quarter, compared to analysts' expectations of $127.05 million. During the same period last year, the company posted $0.41 earnings per share. The business's revenue for the quarter was down 33.9% on a year-over-year basis. On average, analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value 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 represents a 9.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares of the company's stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock valued at $596,502 in the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Lattice Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of the company. American National Bank & Trust increased its position in Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 709 shares during the last quarter. Hollencrest Capital Management acquired a new position in Lattice Semiconductor in the third quarter worth approximately $53,000. Brooklyn Investment Group bought a new position in Lattice Semiconductor during the third quarter valued at approximately $89,000. GAMMA Investing LLC lifted its stake in Lattice Semiconductor by 257.8% in the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company's stock valued at $113,000 after acquiring an additional 1,534 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Lattice Semiconductor by 76.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,572 shares of the semiconductor company's stock worth $136,000 after acquiring an additional 1,118 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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.