Lattice Semiconductor (NASDAQ:LSCC) Rating Increased to Outperform at Raymond James

Raymond James upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a market perform rating to an outperform rating in a report published on Thursday, Marketbeat reports. Raymond James currently has $50.00 target price on the semiconductor company’s stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC dropped their price objective on shares of Lattice Semiconductor from $80.00 to $61.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Rosenblatt Securities reiterated a buy rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday, July 30th. Susquehanna reduced their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a positive rating on the stock in a research note on Tuesday, July 30th. TD Cowen lowered their target price on Lattice Semiconductor from $80.00 to $60.00 and set a buy rating for the company in a research note on Tuesday, July 30th. Finally, KeyCorp dropped their target price on Lattice Semiconductor from $85.00 to $60.00 and set an overweight rating on the stock in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $65.17.

Lattice Semiconductor Trading Down 2.3 %

Shares of NASDAQ LSCC traded down $1.08 on Thursday, reaching $46.25. 2,702,813 shares of the company traded hands, compared to its average volume of 2,320,881. The company has a 50 day moving average of $57.20 and a 200 day moving average of $67.58. Lattice Semiconductor has a fifty-two week low of $41.65 and a fifty-two week high of $98.30. The stock has a market capitalization of $6.36 billion, a PE ratio of 29.65, a P/E/G ratio of 12.19 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm’s revenue for the quarter was down 34.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. As a group, research analysts expect that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insider Activity

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,210 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $72.97, for a total transaction of $88,293.70. Following the sale, the senior vice president now owns 14,554 shares in the company, valued at $1,062,005.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,210 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $72.97, for a total transaction of $88,293.70. Following the sale, the senior vice president now directly owns 14,554 shares of the company’s stock, valued at $1,062,005.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 16,465 shares of Lattice Semiconductor stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total transaction of $1,185,150.70. Following the completion of the transaction, the chief financial officer now directly owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,916 shares of company stock worth $3,619,549. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of institutional investors and hedge funds have recently made changes to their positions in LSCC. Arizona State Retirement System grew its stake in Lattice Semiconductor by 0.9% during the 4th quarter. Arizona State Retirement System now owns 37,883 shares of the semiconductor company’s stock worth $2,614,000 after buying an additional 330 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Lattice Semiconductor by 85.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,303 shares of the semiconductor company’s stock valued at $366,000 after acquiring an additional 2,450 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Lattice Semiconductor by 3.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,737 shares of the semiconductor company’s stock worth $2,052,000 after acquiring an additional 1,086 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Lattice Semiconductor in the 4th quarter worth about $2,677,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Lattice Semiconductor by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 294,857 shares of the semiconductor company’s stock valued at $20,342,000 after purchasing an additional 1,490 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.