Lattice Semiconductor Corp (NASDAQ:LSCC) Receives Average Rating of “Buy” from Analysts

Shares of Lattice Semiconductor Corp (NASDAQ:LSCC) have been given an average recommendation of “Buy” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.39.

Several analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Lattice Semiconductor to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TheStreet raised shares of Lattice Semiconductor from a “c+” rating to a “b” rating in a research report on Wednesday, July 31st. ValuEngine lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Dougherty & Co reissued a “buy” rating and issued a $20.00 price target (up previously from $18.00) on shares of Lattice Semiconductor in a research report on Wednesday, July 31st. Finally, Zacks Investment Research raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, October 23rd.

Shares of LSCC stock opened at $19.18 on Tuesday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 87.18, a P/E/G ratio of 3.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.30 and a current ratio of 3.08. Lattice Semiconductor has a 52 week low of $5.38 and a 52 week high of $21.58. The firm’s 50-day simple moving average is $19.28 and its two-hundred day simple moving average is $16.40.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The business had revenue of $102.30 million for the quarter, compared to analyst estimates of $99.72 million. Lattice Semiconductor had a net margin of 3.98% and a return on equity of 17.47%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Analysts forecast that Lattice Semiconductor will post 0.46 earnings per share for the current year.

In related news, VP Byron Wayne Milstead sold 30,025 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $18.97, for a total transaction of $569,574.25. Following the completion of the transaction, the vice president now owns 29,206 shares of the company’s stock, valued at $554,037.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark Edwin Jensen sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $19.85, for a total transaction of $79,400.00. Following the transaction, the director now directly owns 81,697 shares of the company’s stock, valued at approximately $1,621,685.45. The disclosure for this sale can be found here. In the last three months, insiders sold 94,226 shares of company stock worth $1,804,647. Insiders own 0.78% of the company’s stock.

A number of large investors have recently modified their holdings of LSCC. Invesco Ltd. grew its stake in Lattice Semiconductor by 354.8% during the second quarter. Invesco Ltd. now owns 5,709,202 shares of the semiconductor company’s stock valued at $83,297,000 after acquiring an additional 4,453,835 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Lattice Semiconductor by 1,523.5% during the second quarter. Nuveen Asset Management LLC now owns 3,056,034 shares of the semiconductor company’s stock valued at $44,587,000 after acquiring an additional 2,867,802 shares in the last quarter. Wells Fargo & Company MN grew its stake in Lattice Semiconductor by 1,324.5% during the second quarter. Wells Fargo & Company MN now owns 3,039,695 shares of the semiconductor company’s stock valued at $44,348,000 after acquiring an additional 2,826,306 shares in the last quarter. BlackRock Inc. grew its stake in Lattice Semiconductor by 19.8% during the second quarter. BlackRock Inc. now owns 9,599,281 shares of the semiconductor company’s stock valued at $140,055,000 after acquiring an additional 1,588,237 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Lattice Semiconductor by 6.4% during the second quarter. Vanguard Group Inc. now owns 14,495,590 shares of the semiconductor company’s stock valued at $211,491,000 after acquiring an additional 870,586 shares in the last quarter. 94.85% of the stock is owned by institutional investors.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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