Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Up Following Analyst Upgrade

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report)'s stock price gapped up before the market opened on Tuesday after StockNews.com upgraded the stock from a sell rating to a hold rating. The stock had previously closed at $54.47, but opened at $62.62. Lattice Semiconductor shares last traded at $61.10, with a volume of 1,315,373 shares trading hands.

Other research analysts have also issued research reports about the company. Benchmark increased their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday. Raymond James reduced their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. TD Cowen reduced 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, Robert W. Baird increased their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.25.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was 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 directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Pravin Desale sold 1,096 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the transaction, the senior vice president now owns 365 shares of the company's stock, valued at $22,827.10. This trade represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 266 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Lattice Semiconductor during the 4th quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp boosted its holdings in Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 370 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in shares of Lattice Semiconductor in the 4th quarter valued at about $52,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Up 1.1 %

The firm has a 50 day moving average price of $58.00 and a 200-day moving average price of $53.14. The firm has a market cap of $8.84 billion, a PE ratio of 62.10 and a beta of 1.41.

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 the consensus estimate 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 forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

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.