Lattice Semiconductor Corp (NASDAQ:LSCC) has earned an average recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.06.
Several research analysts have issued reports on LSCC shares. ValuEngine cut shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. TheStreet upgraded shares of Lattice Semiconductor from a “c+” rating to a “b” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Lattice Semiconductor to $18.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Lattice Semiconductor in a report on Monday, May 20th. Finally, BidaskClub upgraded shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Friday, July 12th.
Lattice Semiconductor stock traded down $0.29 during midday trading on Monday, hitting $20.64. 1,080,700 shares of the company’s stock were exchanged, compared to its average volume of 1,948,747. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.30 and a current ratio of 3.08. Lattice Semiconductor has a 12 month low of $5.38 and a 12 month high of $21.58. The firm has a 50-day moving average of $19.02 and a two-hundred day moving average of $14.89. The company has a market cap of $2.79 billion, a PE ratio of 93.82, a P/E/G ratio of 3.65 and a beta of 1.31.
In other news, Director Mark Edwin Jensen sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $14.38, for a total value of $57,520.00. Following the sale, the director now directly owns 85,697 shares in the company, valued at approximately $1,232,322.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Byron Wayne Milstead sold 30,025 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $18.97, for a total transaction of $569,574.25. Following the completion of the transaction, the vice president now directly owns 29,206 shares of the company’s stock, valued at $554,037.82. The disclosure for this sale can be found here. Insiders sold a total of 94,226 shares of company stock worth $1,782,767 over the last 90 days. Company insiders own 0.78% of the company’s stock.
Several institutional investors have recently made changes to their positions in LSCC. Invesco Ltd. raised its position in shares of Lattice Semiconductor by 354.8% in the 2nd quarter. Invesco Ltd. now owns 5,709,202 shares of the semiconductor company’s stock valued at $83,297,000 after purchasing an additional 4,453,835 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Lattice Semiconductor by 1,523.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,056,034 shares of the semiconductor company’s stock valued at $44,587,000 after purchasing an additional 2,867,802 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Lattice Semiconductor by 1,324.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,039,695 shares of the semiconductor company’s stock valued at $44,348,000 after purchasing an additional 2,826,306 shares during the last quarter. BlackRock Inc. raised its position in shares of Lattice Semiconductor by 19.8% in the 2nd quarter. BlackRock Inc. now owns 9,599,281 shares of the semiconductor company’s stock valued at $140,055,000 after purchasing an additional 1,588,237 shares during the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Lattice Semiconductor in the 1st quarter valued at approximately $17,024,000. 94.86% of the stock is owned by hedge funds and other institutional investors.
About Lattice Semiconductor
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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