Lattice Semiconductor Co. (NASDAQ:LSCC) Given Average Recommendation of “Moderate Buy” by Brokerages
Shares of Lattice Semiconductor Co. (NASDAQ:LSCC – Get Free Report) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $87.25.
A number of equities analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $110.00 price target on shares of Lattice Semiconductor in a research note on Friday, October 27th. Needham & Company LLC cut their target price on Lattice Semiconductor from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. StockNews.com initiated coverage on Lattice Semiconductor in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on Lattice Semiconductor in a research note on Thursday, November 30th. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Bank of America lowered their target price on shares of Lattice Semiconductor from $95.00 to $90.00 in a report on Tuesday, October 10th.
Lattice Semiconductor Stock Down 1.6 %
Shares of NASDAQ:LSCC opened at $59.73 on Thursday. The firm has a market cap of $8.24 billion, a P/E ratio of 39.56, a P/E/G ratio of 2.79 and a beta of 1.23. Lattice Semiconductor has a 12-month low of $51.96 and a 12-month high of $98.30. The business has a fifty day simple moving average of $66.56 and a 200 day simple moving average of $81.06.
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Lattice Semiconductor had a return on equity of 40.88% and a net margin of 28.59%. The firm had revenue of $192.17 million during the quarter, compared to analyst estimates of $192.03 million. As a group, equities research analysts expect that Lattice Semiconductor will post 1.54 EPS for the current year.
Insider Transactions at Lattice Semiconductor
In other news, CFO Sherri R. Luther sold 7,500 shares of Lattice Semiconductor stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $90.74, for a total transaction of $680,550.00. Following the transaction, the chief financial officer now owns 127,810 shares in the company, valued at approximately $11,597,479.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 7,500 shares of Lattice Semiconductor stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $90.74, for a total value of $680,550.00. Following the sale, the chief financial officer now directly owns 127,810 shares in the company, valued at approximately $11,597,479.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 2,116 shares of Lattice Semiconductor stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $58.26, for a total transaction of $123,278.16. Following the completion of the sale, the senior vice president now owns 4,133 shares in the company, valued at $240,788.58. The disclosure for this sale can be found here. Insiders have sold 102,266 shares of company stock worth $6,298,240 in the last 90 days. 1.25% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Lattice Semiconductor
A number of large investors have recently made changes to their positions in the company. UMB Bank n.a. boosted its position in Lattice Semiconductor by 100.7% in the 3rd quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 154 shares during the period. Headlands Technologies LLC bought a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $26,000. RVW Wealth LLC bought a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $27,000. Rockefeller Capital Management L.P. raised its stake in shares of Lattice Semiconductor by 404.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 429 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 344 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $29,000. 98.08% of the stock is owned by hedge funds and other institutional investors.
Lattice Semiconductor Company Profile (Get Free Report
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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.
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