Lattice Semiconductor (NASDAQ:LSCC) Raised to Hold at StockNews.com

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities research analysts have also issued reports on LSCC. Raymond James reduced their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Susquehanna lowered their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. 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 report on Tuesday, November 5th. KeyCorp decreased their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Lattice Semiconductor Stock Performance

Shares of LSCC traded down $1.77 during midday trading on Tuesday, hitting $55.50. 1,756,948 shares of the stock were exchanged, compared to its average volume of 1,703,761. The firm has a market cap of $7.66 billion, a P/E ratio of 53.88 and a beta of 1.41. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69. The stock has a fifty day simple moving average of $56.27 and a 200 day simple moving average of $53.43.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor’s revenue was down 33.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, equities research analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the transaction, the senior vice president now owns 14,279 shares of the company’s stock, valued at $827,039.68. This trade represents a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several large investors have recently modified their holdings of the stock. American National Bank & Trust raised its position in Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after buying an additional 709 shares during the last quarter. Hollencrest Capital Management purchased a new position in Lattice Semiconductor during the third quarter worth about $53,000. Brooklyn Investment Group acquired a new stake in Lattice Semiconductor in the third quarter valued at about $89,000. GAMMA Investing LLC boosted its holdings in Lattice Semiconductor by 257.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 1,534 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Lattice Semiconductor during the 2nd quarter worth approximately $146,000. Hedge funds and other institutional investors 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.