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

Lattice Semiconductor Co. (NASDAQ:LSCC) shares gapped up prior to trading on Tuesday after Benchmark raised their price target on the stock from $55.00 to $65.00. The stock had previously closed at $54.47, but opened at $62.62. Benchmark currently has a buy rating on the stock. Lattice Semiconductor shares last traded at $61.10, with a volume of 1,315,373 shares changing hands.

LSCC has been the subject of several other research reports. 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 note on Wednesday, December 11th. Raymond James reduced their target price 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. KeyCorp lifted their price target on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the sale, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This trade represents a 11.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Pravin Desale sold 1,096 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the transaction, the senior vice president now owns 365 shares in the company, valued at $22,827.10. This trade represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock worth $596,502 in the last ninety days. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC grew its position in Lattice Semiconductor by 15.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 190 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after purchasing an additional 224 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 231 shares in the last quarter. UMB Bank n.a. increased its stake in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares during the period. Finally, Truvestments Capital LLC boosted its position in Lattice Semiconductor by 6.8% in the 4th quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

The company’s 50 day simple moving average is $57.91 and its 200 day simple moving average is $52.98. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 58.00 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. As a group, analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current 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.