Lattice Semiconductor (NASDAQ:LSCC) Stock Price Up 6.5% After Analyst Upgrade

Lattice Semiconductor Co. (NASDAQ:LSCC) shares were up 6.5% during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $55.00 to $65.00. Stifel Nicolaus currently has a buy rating on the stock. Lattice Semiconductor traded as high as $63.41 and last traded at $63.33. Approximately 232,962 shares traded hands during trading, a decline of 90% from the average daily volume of 2,362,672 shares. The stock had previously closed at $59.48.

LSCC has been the topic of a number of other reports. KeyCorp decreased their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. TD Cowen decreased their price target 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. Needham & Company LLC lifted their price objective on Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday. Benchmark restated a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Finally, Robert W. Baird lifted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Insider Activity at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This trade represents a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,076 shares of company stock worth $421,990. 1.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. American National Bank & Trust increased its holdings in Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC increased its holdings in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Hollencrest Capital Management purchased a new position in Lattice Semiconductor during the 3rd quarter worth $53,000. Blue Trust Inc. increased its holdings in Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 407 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Up 4.5 %

The firm has a market cap of $8.57 billion, a P/E ratio of 61.49 and a beta of 1.42. The firm has a 50-day simple moving average of $53.50 and a 200-day simple moving average of $54.19.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Research analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

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.