Lattice Semiconductor (NASDAQ:LSCC) Trading 5.1% Higher

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) rose 5.1% on Wednesday . The stock traded as high as $72.69 and last traded at $71.41. Approximately 407,911 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 2,094,670 shares. The stock had previously closed at $67.97.

Analysts Set New Price Targets

LSCC has been the topic of several analyst reports. KeyCorp lifted their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Susquehanna decreased their price target on Lattice Semiconductor from $80.00 to $78.00 and set a "positive" rating on the stock in a research note on Tuesday, February 13th. Benchmark lifted their price target on Lattice Semiconductor from $70.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus decreased their price target on Lattice Semiconductor from $70.00 to $67.00 and set a "hold" rating on the stock in a research note on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.00.

Lattice Semiconductor Stock Up 5.3 %

The firm has a fifty day moving average of $75.70 and a 200-day moving average of $69.09. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 14.91 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates of $0.45. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The company had revenue of $170.60 million during the quarter, compared to analysts' expectations of $176.15 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The business's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.8 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the transaction, the senior vice president now directly owns 11,908 shares in the company, valued at $894,767.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the sale, the senior vice president now owns 28,283 shares of the company's stock, valued at $2,021,951.67. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tracy Ann Feanny sold 6,318 shares of the business's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares of the company's stock, valued at approximately $894,767.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,741 shares of company stock worth $3,225,795. 1.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors have recently added to or reduced their stakes in LSCC. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Lattice Semiconductor by 33.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company's stock worth $3,668,000 after buying an additional 10,650 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Lattice Semiconductor by 286.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company's stock worth $13,571,000 after buying an additional 142,543 shares during the period. Amalgamated Bank boosted its position in shares of Lattice Semiconductor by 8.7% in the third quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company's stock worth $9,278,000 after buying an additional 8,603 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Lattice Semiconductor in the third quarter worth about $530,000. Finally, Townsquare Capital LLC purchased a new stake in shares of Lattice Semiconductor in the third quarter worth about $1,540,000. Hedge funds and other institutional investors own 98.08% of the company's stock.

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.