Lattice Semiconductor (NASDAQ:LSCC) Lifted to Buy at Stifel Nicolaus

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a $55.00 price target on the semiconductor company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 9.32% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Susquehanna cut their price target on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a report on Tuesday, July 30th. Needham & Company LLC dropped their target price on Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. KeyCorp cut their target price on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Finally, TD Cowen upgraded Lattice Semiconductor to a “strong-buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $63.08.

Lattice Semiconductor Trading Up 12.3 %

Shares of NASDAQ:LSCC opened at $50.31 on Tuesday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $87.87. The company has a market cap of $6.92 billion, a PE ratio of 32.25 and a beta of 1.38. The company’s 50 day moving average is $49.88 and its two-hundred day moving average is $63.37.

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

Insider Activity

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

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC lifted its position in Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after buying an additional 294,290 shares during the period. Ariadne Wealth Management LP purchased a new position in shares of Lattice Semiconductor during the 2nd quarter worth about $2,090,000. Cetera Investment Advisers boosted its position in shares of Lattice Semiconductor by 280.3% in the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock worth $1,041,000 after acquiring an additional 13,236 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Lattice Semiconductor by 27.0% in the second quarter. Mackenzie Financial Corp now owns 34,292 shares of the semiconductor company’s stock valued at $1,989,000 after purchasing an additional 7,291 shares during the period. Finally, MBB Public Markets I LLC acquired a new position in Lattice Semiconductor during the second quarter worth approximately $565,000. Hedge funds and other 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.