Lattice Semiconductor (NASDAQ:LSCC) Raised to “Strong-Buy” at Loop Capital

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by Loop Capital to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

LSCC has been the topic of several other reports. Stifel Nicolaus lifted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. KeyCorp upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Benchmark lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus target price of $67.69.

Lattice Semiconductor Trading Down 9.4 %

Shares of NASDAQ LSCC opened at $39.03 on Thursday. The firm has a fifty day simple moving average of $59.29 and a two-hundred day simple moving average of $56.59. Lattice Semiconductor has a 12 month low of $38.72 and a 12 month high of $78.85. The firm has a market capitalization of $5.37 billion, a PE ratio of 88.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insider Activity

In other news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the sale, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock valued at $943,026 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Large investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in Lattice Semiconductor by 209.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 410 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Lattice Semiconductor in the fourth quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ grew its position in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 340 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 370 shares during the last quarter. 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.