Lattice Semiconductor (NASDAQ:LSCC) Raised to “Strong-Buy” at Loop Capital

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by investment analysts at Loop Capital to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

LSCC has been the subject of several other research reports. Benchmark increased 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. Robert W. Baird increased their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Susquehanna upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. Stifel Nicolaus lifted 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 reissued a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $67.69.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $39.03 on Thursday. The business’s fifty day moving average is $59.29 and its 200-day moving average is $56.59. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 88.71, a PEG ratio of 3.03 and a beta of 1.43. Lattice Semiconductor has a one year low of $38.72 and a one year high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data 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 11.22% and a net margin of 12.00%. Research analysts expect that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,740 shares of company stock valued at $943,026. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 410 shares during the period. UMB Bank n.a. raised its holdings in Lattice Semiconductor by 67.7% during 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 purchased a new stake in Lattice Semiconductor during the 4th quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ grew its holdings in 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 acquiring an additional 340 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 370 shares during the period. Institutional investors own 98.08% of the company’s stock.

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.