Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Up on Analyst Upgrade

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) gapped up prior to trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $65.00 to $70.00. The stock had previously closed at $54.47, but opened at $62.62. Stifel Nicolaus currently has a buy rating on the stock. Lattice Semiconductor shares last traded at $61.10, with a volume of 1,315,373 shares traded.

A number of other brokerages have also weighed in on LSCC. Raymond James cut their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. 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, December 11th. Benchmark lifted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp lifted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LSCC. Cetera Investment Advisers increased its position in Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after acquiring an additional 13,236 shares during the last quarter. CWM LLC increased its position in Lattice Semiconductor by 22.2% during the third quarter. CWM LLC now owns 20,616 shares of the semiconductor company’s stock valued at $1,094,000 after acquiring an additional 3,750 shares during the last quarter. Marshall Financial Group LLC increased its position in Lattice Semiconductor by 3.5% during the third quarter. Marshall Financial Group LLC now owns 12,862 shares of the semiconductor company’s stock valued at $683,000 after acquiring an additional 436 shares during the last quarter. Blue Trust Inc. increased its position in Lattice Semiconductor by 218.5% during the third quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 2,511 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in Lattice Semiconductor during the third quarter valued at $249,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

The company has a market cap of $8.49 billion, a PE ratio of 59.73 and a beta of 1.41. The business has a 50-day moving average of $57.84 and a 200 day moving average of $53.01.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. On average, equities analysts predict that Lattice Semiconductor Co. will post 0.54 EPS 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.