Lattice Semiconductor (NASDAQ:LSCC) Stock Price Up 7.2% - Still a Buy?

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report)'s share price was up 7.2% on Tuesday . The company traded as high as $68.88 and last traded at $69.05. Approximately 1,934,882 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 2,240,963 shares. The stock had previously closed at $64.42.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James lowered 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. Deutsche Bank Aktiengesellschaft lowered their price target on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. TD Cowen reduced their target price 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. StockNews.com raised shares of Lattice Semiconductor from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. Finally, KeyCorp lifted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $66.25.

Lattice Semiconductor Stock Performance

The stock has a market cap of $9.20 billion, a PE ratio of 151.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41. The company's 50-day moving average price is $58.59 and its 200 day moving average price is $53.71.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results 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 12.00% and a return on equity of 11.22%. As a group, equities research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,051 shares of company stock worth $499,498. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LSCC. Price T Rowe Associates Inc. MD boosted its stake 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 acquiring an additional 4,676,100 shares in the last quarter. Norges Bank acquired a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $88,674,000. TimesSquare Capital Management LLC grew its stake in Lattice Semiconductor by 2,923.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after buying an additional 1,473,154 shares during the last quarter. Janus Henderson Group PLC increased its position in Lattice Semiconductor by 740.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company's stock worth $76,843,000 after buying an additional 1,195,624 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Lattice Semiconductor in the third quarter valued at approximately $49,297,000. 98.08% of the stock is owned by hedge funds and other 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.