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

Lattice Semiconductor Corporation (NASDAQ:LSCC - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $63.15.

Several analysts recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $72.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Williams Trading set a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. TD Cowen raised their price target on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Finally, Loop Capital dropped their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president owned 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the sale, the director directly owned 8,084 shares of the company's stock, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LSCC. SG Americas Securities LLC lifted its position in Lattice Semiconductor by 326.8% in the 1st quarter. SG Americas Securities LLC now owns 7,824 shares of the semiconductor company's stock worth $410,000 after buying an additional 5,991 shares during the last quarter. US Bancorp DE lifted its position in Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock valued at $1,592,000 after purchasing an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Lattice Semiconductor by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock valued at $53,217,000 after purchasing an additional 29,516 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at approximately $834,000. Finally, Vanguard Group Inc. grew its holdings in shares of Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after purchasing an additional 229,820 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $52.03 on Friday. Lattice Semiconductor has a fifty-two week low of $34.69 and a fifty-two week high of $70.55. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 140.61, a P/E/G ratio of 3.52 and a beta of 1.52. The company has a 50 day simple moving average of $49.52 and a two-hundred day simple moving average of $53.79.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The company had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. During the same period in the previous year, the business earned $0.29 EPS. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts forecast that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

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.

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