Key Points
- Director Elizabeth Schwarting sold 450 Lattice Semiconductor shares at an average price of $113.03, totaling $50,863.50. After the sale, she retained 6,186 shares.
- Lattice reported quarterly EPS of $0.72, beating the $0.55 consensus, while revenue of $291.04 million exceeded expectations and rose 118.3% year over year.
- Analysts maintain a consensus Buy rating with an average price target of $166.82; recent targets include Rosenblatt’s $200 and Stifel’s $175.
Lattice Semiconductor Corporation (NASDAQ:LSCC - Get Free Report) Director Elizabeth Schwarting sold 450 shares of the business's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $113.03, for a total transaction of $50,863.50. Following the completion of the sale, the director owned 6,186 shares of the company's stock, valued at approximately $699,203.58. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Lattice Semiconductor Price Performance
Shares of Lattice Semiconductor stock opened at $111.25 on Wednesday. Lattice Semiconductor Corporation has a 52-week low of $60.50 and a 52-week high of $157.01. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 347.67 and a beta of 1.90. The company has a fifty day moving average of $113.70 and a 200-day moving average of $116.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 1.92.
Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, November 2nd. The semiconductor company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.17. The company had revenue of $291.04 million for the quarter, compared to analysts' expectations of $255.90 million. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The firm's revenue was up 118.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Equities research analysts expect that Lattice Semiconductor Corporation will post 1.31 EPS for the current year.
Wall Street Analyst Weigh In
LSCC has been the topic of a number of recent research reports. Needham & Company LLC raised their price objective on Lattice Semiconductor from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Stifel Nicolaus boosted their target price on Lattice Semiconductor from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, November 3rd. Wall Street Zen cut Lattice Semiconductor from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 18th. Rosenblatt Securities raised their price target on Lattice Semiconductor from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, November 3rd. Finally, Jefferies Financial Group lifted their price target on Lattice Semiconductor from $145.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of "Buy" and a consensus price target of $166.82.
View Our Latest Stock Report on Lattice Semiconductor
Institutional Investors Weigh In On Lattice Semiconductor
Several institutional investors have recently added to or reduced their stakes in LSCC. Private Advisor Group LLC purchased a new stake in shares of Lattice Semiconductor during the third quarter worth about $327,000. Stephens Investment Management Group LLC increased its holdings in Lattice Semiconductor by 4.4% during the 3rd quarter. Stephens Investment Management Group LLC now owns 896,179 shares of the semiconductor company's stock valued at $112,578,000 after purchasing an additional 37,566 shares during the period. Meeder Asset Management Inc. increased its holdings in Lattice Semiconductor by 437.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,633 shares of the semiconductor company's stock valued at $205,000 after purchasing an additional 1,329 shares during the period. Voya Investment Management LLC raised its position in Lattice Semiconductor by 49.4% during the 3rd quarter. Voya Investment Management LLC now owns 635,764 shares of the semiconductor company's stock valued at $79,746,000 after purchasing an additional 210,338 shares during the last quarter. Finally, South Dakota Investment Council bought a new position in Lattice Semiconductor during the 3rd quarter valued at approximately $779,000. Hedge funds and other institutional investors own 98.08% of the company's stock.
Lattice Semiconductor Company Profile
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Get Free Report)
Lattice Semiconductor is a fabless semiconductor company that develops programmable logic devices, including field-programmable gate arrays (FPGAs). Its products let customers configure hardware for specific applications and are supported by design software and development tools. The company focuses on low-power programmable solutions used in areas such as communications, computing, industrial systems, automotive applications and consumer electronics. Lattice serves customers and markets globally.
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