Lattice Semiconductor (NASDAQ:LSCC) Trading 5.1% Higher

Lattice Semiconductor Co. (NASDAQ:LSCC)’s stock price shot up 5.1% on Wednesday . The company traded as high as $72.69 and last traded at $71.41. 407,911 shares were traded during trading, a decline of 81% from the average session volume of 2,094,670 shares. The stock had previously closed at $67.97.

Analyst Ratings Changes

A number of research firms have weighed in on LSCC. Benchmark upped their price objective on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Susquehanna reduced their price objective on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research report on Tuesday, February 13th. Needham & Company LLC restated a “buy” rating and set a $75.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus dropped their target price on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Lattice Semiconductor Stock Up 4.5 %

The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 14.91 and a beta of 1.38. The company’s 50-day moving average is $75.79 and its 200-day moving average is $69.07.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. During the same period last year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. Sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Insider Activity

In other news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the transaction, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares in the company, valued at $894,767.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,741 shares of company stock valued at $3,225,795. 1.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the business. Vontobel Holding Ltd. acquired a new stake in Lattice Semiconductor during the 3rd quarter worth approximately $496,000. AE Wealth Management LLC increased its position in Lattice Semiconductor by 39.7% in the third quarter. AE Wealth Management LLC now owns 3,098 shares of the semiconductor company’s stock worth $266,000 after buying an additional 881 shares during the period. SG Americas Securities LLC increased its position in Lattice Semiconductor by 15.7% in the third quarter. SG Americas Securities LLC now owns 27,973 shares of the semiconductor company’s stock worth $2,404,000 after buying an additional 3,802 shares during the period. Hanlon Investment Management Inc. increased its position in Lattice Semiconductor by 14.0% in the third quarter. Hanlon Investment Management Inc. now owns 3,242 shares of the semiconductor company’s stock worth $279,000 after buying an additional 398 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Lattice Semiconductor by 100.7% during the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 154 shares during the period. 98.08% of the stock is currently owned by hedge funds and other 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.