Lattice Semiconductor (NASDAQ:LSCC) Upgraded at StockNews.com

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

Other analysts also recently issued research reports about the stock. Stifel Nicolaus raised their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Needham & Company LLC upped their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird raised their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft dropped their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James reduced their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $53.29 on Wednesday. The stock’s 50-day moving average is $57.98 and its 200 day moving average is $53.07. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 51.74 and a beta of 1.41.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. This represents a 11.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock worth $596,502. Corporate insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of Lattice Semiconductor by 33.9% during the 4th quarter. HighTower Advisors LLC now owns 6,886 shares of the semiconductor company’s stock valued at $390,000 after buying an additional 1,745 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Lattice Semiconductor during the fourth quarter valued at about $777,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lattice Semiconductor by 48.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,351 shares of the semiconductor company’s stock worth $2,059,000 after purchasing an additional 11,830 shares during the period. PNC Financial Services Group Inc. boosted its position in Lattice Semiconductor by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,010 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 528 shares during the period. Finally, Banco Santander S.A. increased its stake in shares of Lattice Semiconductor by 21.0% in the fourth quarter. Banco Santander S.A. now owns 14,507 shares of the semiconductor company’s stock worth $822,000 after purchasing an additional 2,517 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

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.