Lattice Semiconductor (NASDAQ:LSCC) Shares Up 7.2% – Should You Buy?

Lattice Semiconductor Co. (NASDAQ:LSCC)’s share price was up 7.2% during mid-day trading on Tuesday . The company traded as high as $68.88 and last traded at $69.05. Approximately 1,934,882 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 2,240,963 shares. The stock had previously closed at $64.42.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Stifel Nicolaus raised their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Susquehanna boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. KeyCorp boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft cut 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Trading Down 1.1 %

The firm’s fifty day moving average price is $58.59 and its 200-day moving average price is $53.71. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 154.55, a price-to-earnings-growth ratio of 4.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Activity

In other news, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the 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 transaction, the senior vice president now owns 83,289 shares of the company’s stock, 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. Insiders sold 8,051 shares of company stock worth $499,498 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its stake in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $52,000. 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.