Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Up to $44.79

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) gapped up prior to trading on Monday . The stock had previously closed at $44.79, but opened at $47.24. Lattice Semiconductor shares last traded at $48.90, with a volume of 518,271 shares changing hands.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several recent research reports. Benchmark reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Thursday, July 18th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. TD Cowen cut their price target on Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Needham & Company LLC decreased their price objective on Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.17.

Lattice Semiconductor Trading Up 10.9 %

The company has a market cap of $6.83 billion, a price-to-earnings ratio of 31.35 and a beta of 1.38. The stock’s 50 day moving average price is $50.11 and its 200 day moving average price is $63.56.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. On average, equities analysts expect that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp raised its holdings in shares of Lattice Semiconductor by 52.6% during the 4th quarter. Truist Financial Corp now owns 3,813 shares of the semiconductor company’s stock valued at $263,000 after buying an additional 1,315 shares during the period. Principal Securities Inc. acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth $31,000. Dimensional Fund Advisors LP boosted its stake in shares of Lattice Semiconductor by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 681,919 shares of the semiconductor company’s stock valued at $47,054,000 after purchasing an additional 25,849 shares during the period. Brown Advisory Inc. grew its holdings in Lattice Semiconductor by 86.1% during the 4th quarter. Brown Advisory Inc. now owns 764,011 shares of the semiconductor company’s stock valued at $52,709,000 after purchasing an additional 353,427 shares in the last quarter. Finally, Norges Bank purchased a new stake in Lattice Semiconductor during the 4th quarter worth $98,684,000. 98.08% 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 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.