Lattice Semiconductor (NASDAQ:LSCC) Upgraded to Strong-Buy at Loop Capital

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) was upgraded by equities researchers at Loop Capital to a "strong-buy" rating in a research report issued to clients and investors on Thursday, April 3rd, MarketBeat.com reports.

A number of other research firms have also recently commented on LSCC. Stifel Nicolaus raised their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Robert W. Baird boosted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Benchmark boosted their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Susquehanna lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.69.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock traded down $5.60 during midday trading on Thursday, reaching $40.84. The company had a trading volume of 2,914,146 shares, compared to its average volume of 2,503,792. The stock has a fifty day moving average price of $57.81 and a 200 day moving average price of $56.21. Lattice Semiconductor has a fifty-two week low of $34.69 and a fifty-two week high of $78.85. The firm has a market cap of $5.62 billion, a PE ratio of 93.43, a P/E/G ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results 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 12.00% and a return on equity of 11.22%. As a group, sell-side analysts forecast that Lattice Semiconductor will post 0.65 EPS for the current year.

Insider Activity at Lattice Semiconductor

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

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in Lattice Semiconductor by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock worth $170,000 after acquiring an additional 163 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock worth $81,000 after purchasing an additional 190 shares during the period. Tidal Investments LLC raised its holdings in shares of Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock valued at $592,000 after acquiring an additional 224 shares in the last quarter. CIBC Asset Management Inc raised its stake in Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after purchasing an additional 231 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 266 shares during the last quarter. 98.08% of the stock is 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.