Lattice Semiconductor (NASDAQ:LSCC) Stock Rating Upgraded by Loop Capital

Loop Capital upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

LSCC has been the topic of a number of other research reports. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. KeyCorp upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Benchmark lifted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Stifel Nicolaus increased their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.69.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $39.03 on Thursday. Lattice Semiconductor has a one year low of $38.72 and a one year high of $78.85. The company has a market cap of $5.37 billion, a P/E ratio of 88.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. The business has a fifty day moving average of $59.29 and a two-hundred day moving average of $56.62.

Lattice Semiconductor (NASDAQ:LSCC) last released 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 return on equity of 11.22% and a net margin of 12.00%. Sell-side analysts predict that Lattice Semiconductor will post 0.65 EPS for the current year.

Insider Activity at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,740 shares of company stock valued at $943,026. Company insiders own 1.80% 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 stock. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Lattice Semiconductor by 209.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock worth $32,000 after buying an additional 410 shares during the last quarter. UMB Bank n.a. grew its position in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $38,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 340 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.