Lattice Semiconductor (NASDAQ:LSCC) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a sell rating to a hold rating in a report released on Wednesday.

LSCC has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. TD Cowen reduced their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Susquehanna upped their price objective on Lattice Semiconductor from $55.00 to $70.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Finally, Robert W. Baird upped their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $55.42 on Wednesday. The company has a 50-day simple moving average of $58.04 and a two-hundred day simple moving average of $53.04. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69. The stock has a market capitalization of $7.65 billion, a PE ratio of 53.81 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, equities research analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now owns 14,279 shares of the company’s stock, valued at $827,039.68. This trade represents a 11.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock valued at $596,502 in the last ninety days. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors have recently modified their holdings of the stock. TimesSquare Capital Management LLC raised its position in Lattice Semiconductor by 2,923.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Lattice Semiconductor in the third quarter valued at about $49,297,000. Westfield Capital Management Co. LP purchased a new stake in Lattice Semiconductor in the third quarter worth about $38,194,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Lattice Semiconductor by 319.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after acquiring an additional 380,790 shares in the last quarter. Finally, Barclays PLC increased its position in Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.