Lattice Semiconductor (NASDAQ:LSCC) Raised to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Lattice Semiconductor to “strong buy” from “hold.” Overall, analysts maintain an average “buy” rating with a consensus price target of $144.77.
• Lattice reported quarterly EPS of $0.53, exceeding the $0.44 estimate, while revenue reached $201.08 million, up 62.2% year over year and above expectations.
• The stock opened at $104.17, below its 50-day and 200-day moving averages, while institutional investors own a substantial 98.08% of outstanding shares.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday, Zacks reports.

Other equities analysts also recently issued reports about the company. KeyCorp lifted their target price on Lattice Semiconductor from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Wall Street Zen lowered Lattice Semiconductor from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 18th. Jefferies Financial Group increased their price target on Lattice Semiconductor from $145.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Needham & Company LLC raised their price target on Lattice Semiconductor from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Lattice Semiconductor in a research report on Thursday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $144.77.

Lattice Semiconductor Trading Up 0.6%

Lattice Semiconductor stock opened at $104.17 on Tuesday. The firm's 50-day moving average is $116.10 and its 200-day moving average is $115.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.33 and a current ratio of 3.02. Lattice Semiconductor has a 1 year low of $60.50 and a 1 year high of $157.01. The company has a market cap of $14.27 billion, a P/E ratio of 400.65, a PEG ratio of 1.47 and a beta of 1.83.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. The business had revenue of $201.08 million during the quarter, compared to analyst estimates of $185.50 million. Lattice Semiconductor had a net margin of 5.58% and a return on equity of 10.92%. The company's quarterly revenue was up 62.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. Lattice Semiconductor has set its Q3 2026 guidance at 0.540-0.580 EPS. On average, equities analysts expect that Lattice Semiconductor will post 1.10 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 2,039 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $111.83, for a total value of $228,021.37. Following the completion of the transaction, the senior vice president directly owned 73,456 shares of the company's stock, valued at $8,214,584.48. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Esam Elashmawi sold 15,742 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $134.77, for a total value of $2,121,549.34. Following the completion of the sale, the senior vice president owned 155,420 shares in the company, valued at approximately $20,945,953.40. This represents a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 19,661 shares of company stock worth $2,587,259. 0.62% of the stock is owned by company insiders.

Institutional Trading of Lattice Semiconductor

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Lattice Semiconductor during the second quarter worth approximately $2,637,161,000. William Blair Investment Management LLC acquired a new position in shares of Lattice Semiconductor in the 2nd quarter valued at $177,497,000. TimesSquare Capital Management LLC purchased a new position in Lattice Semiconductor in the 2nd quarter worth about $173,633,000. Bank of New York Mellon Corp purchased a new position in Lattice Semiconductor in the 2nd quarter worth about $139,705,000. Finally, Bank of America Corp DE purchased a new position in Lattice Semiconductor in the 2nd quarter worth about $94,740,000. Institutional investors own 98.08% of the company's stock.

About Lattice Semiconductor

Lattice Semiconductor Corporation NASDAQ: LSCC designs and develops low-power programmable semiconductor devices and related software. Its product portfolio includes field-programmable gate arrays (FPGAs), complex programmable logic devices, programmable system control solutions, and connectivity products that enable customers to configure and update electronic systems after manufacturing.

The company's products are used in communications and networking equipment, industrial systems, automotive applications, data-center and computing hardware, consumer electronics, and aerospace and defense products.

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