Lattice Semiconductor Co. (NASDAQ:LSCC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $65.17.

Several analysts recently issued reports on LSCC shares. Benchmark restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Thursday, July 18th. Susquehanna reduced their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research report on Tuesday, July 30th. TD Cowen lowered their price target on shares of Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 price objective (up previously from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Finally, Needham & Company LLC cut their price objective on shares of Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 30th.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $49.52 on Tuesday. Lattice Semiconductor has a 52 week low of $41.65 and a 52 week high of $98.30. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 12.19 and a beta of 1.39. The company has a 50-day simple moving average of $55.53 and a 200 day simple moving average of $66.95.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was down 34.7% on a year-over-year basis. Sell-side analysts forecast that Lattice Semiconductor will post 0.59 EPS for the current year.

Insider Activity

In related news, SVP Glenn O’rourke sold 1,241 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total value of $92,504.14. Following the transaction, the senior vice president now directly owns 12,084 shares of the company’s stock, valued at $900,741.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lattice Semiconductor news, SVP Glenn O’rourke sold 1,241 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total transaction of $92,504.14. Following the completion of the sale, the senior vice president now directly owns 12,084 shares in the company, valued at $900,741.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the transaction, the chief executive officer now owns 759,286 shares in the company, valued at approximately $57,037,564.32. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership boosted its position in Lattice Semiconductor by 6.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after buying an additional 611,550 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Lattice Semiconductor by 43.5% during the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after acquiring an additional 1,889,110 shares in the last quarter. William Blair Investment Management LLC grew its position in Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares during the last quarter. Robeco Schweiz AG increased its holdings in Lattice Semiconductor by 9.5% in the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after purchasing an additional 132,000 shares in the last quarter. Finally, Norges Bank bought a new position in Lattice Semiconductor in the fourth quarter valued at about $98,684,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.