Shares of Lattice Semiconductor Co. (NASDAQ:LSCC – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One investment 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 12-month target price among brokerages that have updated their coverage on the stock in the last year is $63.08.
LSCC has been the subject of a number of recent research reports. Susquehanna cut their price objective 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. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Needham & Company LLC restated a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Thursday, August 8th. Finally, TD Cowen raised shares of Lattice Semiconductor to a “strong-buy” rating in a research report on Monday, September 16th.
View Our Latest Report on LSCC
Lattice Semiconductor Stock Performance
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. Lattice Semiconductor’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. On average, analysts predict that Lattice Semiconductor will post 0.59 earnings per share for the current year.
Insider Transactions at Lattice Semiconductor
In related 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 owns 90,341 shares in the company, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 14,919 shares in the company, valued at $730,732.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its position in Lattice Semiconductor by 26.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 35,800 shares of the semiconductor company’s stock valued at $1,900,000 after buying an additional 7,500 shares during the period. American National Bank & Trust boosted its holdings in Lattice Semiconductor by 5,064.3% in the third 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 period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Lattice Semiconductor by 33.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 119,210 shares of the semiconductor company’s stock worth $6,913,000 after purchasing an additional 29,619 shares in the last quarter. Clearbridge Investments LLC grew its stake in Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after purchasing an additional 294,290 shares in the last quarter. Finally, Ariadne Wealth Management LP purchased a new stake in Lattice Semiconductor during the 2nd quarter worth about $2,090,000. Institutional investors and hedge funds 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.
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