Lattice Semiconductor (NASDAQ:LSCC) Shares Up 7.2% – Here’s What Happened

Lattice Semiconductor Co. (NASDAQ:LSCC)’s stock price traded up 7.2% during trading on Tuesday . The stock traded as high as $68.88 and last traded at $69.05. 1,934,882 shares were traded during mid-day trading, a decline of 14% from the average session volume of 2,240,963 shares. The stock had previously closed at $64.42.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Stifel Nicolaus raised their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. KeyCorp upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Trading Down 1.1 %

The stock has a market capitalization of $9.37 billion, a P/E ratio of 154.55, a P/E/G ratio of 4.03 and a beta of 1.41. The business has a 50-day moving average price of $58.59 and a two-hundred day moving average price of $53.71.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Pravin Desale sold 2,890 shares of the firm’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 of the company’s stock, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,051 shares of company stock valued at $499,498. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds have recently made changes to their positions in LSCC. Blue Trust Inc. lifted its stake in Lattice Semiconductor by 218.5% in the 3rd quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 2,511 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Lattice Semiconductor by 62.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 25,869 shares of the semiconductor company’s stock valued at $1,373,000 after acquiring an additional 9,969 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Lattice Semiconductor by 468.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,253 shares of the semiconductor company’s stock valued at $1,924,000 after acquiring an additional 29,879 shares during the last quarter. CWC Advisors LLC. acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at $339,000. Finally, Outlook Wealth Advisors LLC grew its position in Lattice Semiconductor by 23.2% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 5,313 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 1,000 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.