Lattice Semiconductor (LSCC) Trading Up 10.4%

Lattice Semiconductor Corp (NASDAQ:LSCC) was up 10.4% on Monday . The company traded as high as $6.52 and last traded at $6.47. Approximately 1,812,597 shares were traded during mid-day trading, an increase of 63% from the average daily volume of 1,110,870 shares. The stock had previously closed at $5.86.

A number of equities research analysts recently weighed in on LSCC shares. BidaskClub downgraded shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 8th. Zacks Investment Research raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, October 10th. Finally, Craig Hallum set a $9.00 target price on shares of Lattice Semiconductor and gave the company a “hold” rating in a research note on Wednesday, October 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Lattice Semiconductor has a consensus rating of “Hold” and a consensus price target of $9.13.

The company has a market cap of $759.02 million, a price-to-earnings ratio of 39.07, a P/E/G ratio of 2.12 and a beta of 1.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.07 and a current ratio of 4.00.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Lattice Semiconductor had a negative net margin of 6.64% and a positive return on equity of 8.68%. The business had revenue of $101.48 million for the quarter, compared to analysts’ expectations of $101.50 million. Analysts predict that Lattice Semiconductor Corp will post 0.24 EPS for the current fiscal year.

In other Lattice Semiconductor news, VP Byron Wayne Milstead sold 9,910 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $5.81, for a total transaction of $57,577.10. Following the transaction, the vice president now directly owns 23,063 shares in the company, valued at $133,996.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Robert Anderson purchased 10,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, November 21st. The shares were acquired at an average price of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $56,700. The disclosure for this purchase can be found here. 2.83% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LSCC. Bank of New York Mellon Corp grew its holdings in shares of Lattice Semiconductor by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 496,871 shares of the semiconductor company’s stock worth $3,975,000 after purchasing an additional 8,920 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Lattice Semiconductor by 31.7% in the third quarter. JPMorgan Chase & Co. now owns 43,979 shares of the semiconductor company’s stock worth $352,000 after purchasing an additional 10,587 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Lattice Semiconductor by 13.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 110,034 shares of the semiconductor company’s stock worth $880,000 after purchasing an additional 12,651 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Lattice Semiconductor by 100.0% in the third quarter. Prudential Financial Inc. now owns 26,301 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 13,150 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Lattice Semiconductor by 41.3% in the second quarter. MetLife Investment Advisors LLC now owns 55,030 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 16,093 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

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Lattice Semiconductor Company Profile (NASDAQ:LSCC)

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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