Lattice Semiconductor Co. (NASDAQ:LSCC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $67.69.

• Lattice Semiconductor’s Market Reset Is Over: The Rebound Begins

A number of brokerages have weighed in on LSCC. Susquehanna upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, February 11th. KeyCorp upped their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Loop Capital assumed coverage on shares of Lattice Semiconductor in a research report on Friday, April 4th. They set a "buy" rating and a $85.00 target price for the company. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th.

Check Out Our Latest Analysis on Lattice Semiconductor

Insiders Place Their Bets

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In other news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was 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 owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares of the company's stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LSCC. MassMutual Private Wealth & Trust FSB grew its holdings in Lattice Semiconductor by 209.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 410 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor in the fourth quarter worth about $38,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 340 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 370 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Down 1.0 %

• High financing costs weigh on industrials' growth prospects

LSCC stock opened at $41.18 on Friday. Lattice Semiconductor has a twelve month low of $34.69 and a twelve month high of $78.85. The firm has a market capitalization of $5.67 billion, a PE ratio of 93.59, a PEG ratio of 3.03 and a beta of 1.64. The stock has a 50-day simple moving average of $56.04 and a two-hundred day simple moving average of $55.71.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, equities research analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current fiscal 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.

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