Lattice Semiconductor (NASDAQ:LSCC) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a buy rating in a research note released on Tuesday, Marketbeat reports. Stifel Nicolaus currently has $55.00 price target on the semiconductor company’s stock.

A number of other analysts have also recently commented on LSCC. Deutsche Bank Aktiengesellschaft lowered their price target on Lattice Semiconductor from $82.00 to $56.00 and set a buy rating for the company in a research report on Tuesday, July 30th. KeyCorp decreased their target price on Lattice Semiconductor from $85.00 to $60.00 and set an overweight rating for the company in a report on Tuesday, July 30th. Raymond James upgraded shares of 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. Rosenblatt Securities restated a buy rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Finally, Benchmark reiterated a buy rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $63.08.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $54.26 on Tuesday. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $87.64. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 34.78 and a beta of 1.38. The stock’s 50-day simple moving average is $49.43 and its 200-day simple moving average is $63.04.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly 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). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. During the same quarter in the previous year, the company posted $0.40 EPS. The company’s revenue for the quarter was down 34.7% compared to the same quarter last year. As a group, equities analysts forecast that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

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

Institutional Trading of Lattice Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC purchased a new position in Lattice Semiconductor in the 1st quarter valued at about $30,000. Principal Securities Inc. acquired a new position in shares of Lattice Semiconductor during the fourth quarter valued at approximately $31,000. GAMMA Investing LLC lifted its position in shares of Lattice Semiconductor by 82.4% in the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 333 shares in the last quarter. West Oak Capital LLC boosted its stake in shares of Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the last quarter. Finally, Davidson Capital Management Inc. purchased a new stake in shares of Lattice Semiconductor during the first quarter worth approximately $78,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.