Lattice Semiconductor (NASDAQ:LSCC) Upgraded by Raymond James to Outperform

Raymond James upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a market perform rating to an outperform rating in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage currently has $50.00 price target on the semiconductor company’s stock.

A number of other research analysts also recently commented on the company. Robert W. Baird increased their price target on Lattice Semiconductor from $60.00 to $70.00 and gave the company an outperform rating in a report on Tuesday, April 30th. KeyCorp reduced their price target on Lattice Semiconductor from $85.00 to $60.00 and set an overweight rating for the company in a report on Tuesday, July 30th. Susquehanna reduced their price target on Lattice Semiconductor from $85.00 to $65.00 and set a positive rating for the company in a report on Tuesday, July 30th. Bank of America cut Lattice Semiconductor from a neutral rating to an underperform rating and cut their price objective for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th. Finally, Jefferies Financial Group restated a buy rating and set a $88.00 price objective (up previously from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $65.17.

Lattice Semiconductor Stock Down 2.3 %

Shares of NASDAQ LSCC traded down $1.08 on Thursday, hitting $46.25. The company had a trading volume of 2,702,785 shares, compared to its average volume of 2,320,881. Lattice Semiconductor has a 12-month low of $41.65 and a 12-month high of $98.30. The business has a 50 day moving average of $57.75 and a two-hundred day moving average of $67.76. The firm has a market capitalization of $6.36 billion, a P/E ratio of 29.28, a PEG ratio of 12.19 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,210 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $72.97, for a total transaction of $88,293.70. Following the completion of the sale, the senior vice president now directly owns 14,554 shares of the company’s stock, valued at approximately $1,062,005.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Glenn O’rourke sold 1,241 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total value of $92,504.14. Following the completion of the sale, the senior vice president now owns 12,084 shares in the company, valued at $900,741.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,210 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $72.97, for a total value of $88,293.70. Following the completion of the sale, the senior vice president now owns 14,554 shares of the company’s stock, valued at approximately $1,062,005.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,916 shares of company stock valued at $3,619,549. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Lattice Semiconductor during the second quarter worth $227,000. Envestnet Asset Management Inc. raised its holdings in shares of Lattice Semiconductor by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 162,530 shares of the semiconductor company’s stock worth $9,425,000 after acquiring an additional 10,701 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Lattice Semiconductor by 26.8% during the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Lattice Semiconductor by 2.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 455,393 shares of the semiconductor company’s stock worth $25,962,000 after acquiring an additional 9,215 shares in the last quarter. 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.