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

Posted by on Aug 29th, 2023

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC – Get Free Report) have received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $102.00.

LSCC has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Jefferies Financial Group boosted their price objective on shares of Lattice Semiconductor from $96.00 to $102.00 in a report on Tuesday, May 16th. Raymond James initiated coverage on shares of Lattice Semiconductor in a report on Tuesday, May 23rd. They set a “market perform” rating on the stock. StockNews.com initiated coverage on shares of Lattice Semiconductor in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Benchmark boosted their price objective on shares of Lattice Semiconductor from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, August 1st.

Read Our Latest Stock Analysis on LSCC

Insider Buying and Selling

In related news, SVP Mark Jon Nelson sold 946 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.50, for a total transaction of $85,613.00. Following the completion of the transaction, the senior vice president now owns 33,126 shares of the company’s stock, valued at approximately $2,997,903. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor news, CEO James Robert Anderson sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $87.96, for a total transaction of $3,518,400.00. Following the sale, the chief executive officer now directly owns 788,847 shares in the company, valued at approximately $69,386,982.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Mark Jon Nelson sold 946 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.50, for a total transaction of $85,613.00. Following the sale, the senior vice president now owns 33,126 shares in the company, valued at $2,997,903. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,147 shares of company stock valued at $10,145,721. Company insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its holdings in Lattice Semiconductor by 404.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 429 shares of the semiconductor company’s stock worth $27,000 after buying an additional 344 shares in the last quarter. First Capital Advisors Group LLC. acquired a new stake in shares of Lattice Semiconductor in the 2nd quarter valued at $33,000. Belpointe Asset Management LLC acquired a new stake in shares of Lattice Semiconductor in the 4th quarter valued at $36,000. Quarry LP raised its holdings in shares of Lattice Semiconductor by 47.7% in the 1st quarter. Quarry LP now owns 384 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 124 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Lattice Semiconductor by 115.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 413 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 221 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $90.41 on Tuesday. The company has a market capitalization of $12.46 billion, a price-to-earnings ratio of 61.92 and a beta of 1.27. Lattice Semiconductor has a 52 week low of $44.53 and a 52 week high of $98.18. The company has a quick ratio of 2.53, a current ratio of 3.75 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $90.69 and a 200 day moving average of $88.16.

Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last released its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Lattice Semiconductor had a return on equity of 43.37% and a net margin of 28.34%. The firm had revenue of $190.08 million during the quarter, compared to analysts’ expectations of $188.15 million. On average, sell-side analysts predict that Lattice Semiconductor will post 1.59 earnings per share for the current fiscal year.

Lattice Semiconductor Company Profile

(Get Free Report

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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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