Lattice Semiconductor (NASDAQ:LSCC) Upgraded at StockNews.com

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Other equities research analysts have also issued reports about the stock. Raymond James lowered their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Susquehanna lowered their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Finally, KeyCorp dropped 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Lattice Semiconductor Stock Down 3.1 %

Shares of LSCC traded down $1.77 during trading hours on Tuesday, reaching $55.50. 1,756,948 shares of the company traded hands, compared to its average volume of 1,703,761. The business has a fifty day moving average price of $56.27 and a 200-day moving average price of $53.43. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The stock has a market capitalization of $7.66 billion, a P/E ratio of 53.88 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was down 33.9% compared to the same quarter last year. As a group, research analysts predict that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Monday, January 6th. The stock was 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 directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $22,827.10. This trade represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. American National Bank & Trust boosted its holdings 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 valued at $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 valued at approximately $53,000. Brooklyn Investment Group purchased a new position in Lattice Semiconductor in the third quarter worth approximately $89,000. GAMMA Investing LLC increased its stake in Lattice Semiconductor by 257.8% during the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 1,534 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Lattice Semiconductor in the second quarter valued at $146,000. 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.