Lattice Semiconductor Co. (NASDAQ:LSCC) Receives Consensus Rating of "Moderate Buy" from Analysts

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $63.08.

A number of research analysts have recently issued reports on LSCC shares. KeyCorp reduced their price target on shares of Lattice Semiconductor from $85.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 30th. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, August 3rd. Raymond James upgraded shares of Lattice Semiconductor from a "market perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a research report on Thursday, August 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Finally, Susquehanna cut their price objective on shares of Lattice Semiconductor from $85.00 to $65.00 and set a "positive" rating on the stock in a research report on Tuesday, July 30th.

Lattice Semiconductor Stock Performance

Shares of LSCC stock traded up $0.47 on Friday, hitting $54.34. The stock had a trading volume of 1,618,479 shares, compared to its average volume of 2,374,707. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 34.83 and a beta of 1.39. The stock's 50 day moving average is $49.56 and its 200-day moving average is $58.27. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. During the same period in the prior year, the business earned $0.40 earnings per share. Lattice Semiconductor's revenue was down 34.7% on a year-over-year basis. Equities analysts expect that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Sherri R. Luther sold 20,632 shares of the business's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the business's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares of the company's stock, valued at $730,732.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of LSCC. Park Avenue Securities LLC increased its position in Lattice Semiconductor by 10.7% during the first quarter. Park Avenue Securities LLC now owns 5,360 shares of the semiconductor company's stock worth $419,000 after acquiring an additional 520 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Lattice Semiconductor during the first quarter worth $326,000. State of Michigan Retirement System increased its position in Lattice Semiconductor by 2.1% during the first quarter. State of Michigan Retirement System now owns 33,862 shares of the semiconductor company's stock worth $2,649,000 after acquiring an additional 700 shares during the period. Norden Group LLC increased its position in Lattice Semiconductor by 1,196.1% during the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company's stock worth $5,212,000 after acquiring an additional 61,478 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in Lattice Semiconductor during the first quarter worth $351,000. Institutional investors own 98.08% of the company's stock.

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.