Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) shares shot up 13% during mid-day trading on Monday . The stock traded as high as $55.64 and last traded at $56.08. 620,201 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 2,826,760 shares. The stock had previously closed at $49.63.
Wall Street Analyst Weigh In
Several brokerages have issued reports on LSCC. Williams Trading set a $60.00 price target on Lattice Semiconductor in a research note on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Loop Capital dropped their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Rosenblatt Securities reissued a "buy" rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus boosted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.
Get Our Latest Stock Report on Lattice Semiconductor
Lattice Semiconductor Stock Performance
The stock has a market cap of $7.29 billion, a P/E ratio of 120.57, a P/E/G ratio of 3.03 and a beta of 1.60. The business has a 50 day simple moving average of $50.92 and a 200-day simple moving average of $55.34.
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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The firm had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.
Insider Buying and Selling at Lattice Semiconductor
In other news, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the transaction, the senior vice president now owns 87,106 shares of the company's stock, valued at $4,926,715.36. This represents a 2.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,680 shares of company stock worth $938,301 in the last quarter. 1.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Lattice Semiconductor
Institutional investors have recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Lattice Semiconductor by 65.7% during the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Lattice Semiconductor by 209.2% during 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. Summit Securities Group LLC bought a new position in Lattice Semiconductor during the 1st quarter worth approximately $32,000. Picton Mahoney Asset Management bought a new position in Lattice Semiconductor during the 1st quarter worth approximately $36,000. Finally, UMB Bank n.a. grew its position in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 266 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.
About Lattice Semiconductor
(
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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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