Lattice Semiconductor (NASDAQ:LSCC) Earns Market Perform Rating from Analysts at Raymond James

Raymond James assumed coverage on shares of Lattice Semiconductor (NASDAQ:LSCC – Get Rating) in a research note issued to investors on Tuesday morning, The Fly reports. The brokerage issued a market perform rating on the semiconductor company’s stock.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group increased their target price on Lattice Semiconductor from $96.00 to $102.00 in a research note on Tuesday, May 16th. Robert W. Baird increased their price target on Lattice Semiconductor from $75.00 to $100.00 and gave the company an outperform rating in a research report on Wednesday, February 22nd. Susquehanna increased their price objective on Lattice Semiconductor from $75.00 to $95.00 and gave the company a positive rating in a report on Tuesday, February 14th. Benchmark raised their price target on Lattice Semiconductor from $65.00 to $95.00 and gave the stock a buy rating in a research note on Tuesday, February 14th. Finally, Cowen lifted their target price on Lattice Semiconductor from $87.00 to $95.00 and gave the company an outperform rating in a research note on Tuesday, February 14th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $90.18.

Lattice Semiconductor Stock Down 4.1 %

Shares of LSCC opened at $80.56 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.39 and a current ratio of 3.59. Lattice Semiconductor has a one year low of $43.41 and a one year high of $96.82. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 56.73 and a beta of 1.28. The stock has a 50 day moving average price of $88.26 and a 200 day moving average price of $78.82.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last issued its earnings results on Monday, May 1st. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Lattice Semiconductor had a return on equity of 44.49% and a net margin of 28.63%. The company had revenue of $184.30 million during the quarter, compared to analysts’ expectations of $178.31 million. During the same period in the prior year, the business earned $0.27 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. Equities research analysts forecast that Lattice Semiconductor will post 1.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, CEO James Robert Anderson sold 40,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $83.63, for a total transaction of $3,345,200.00. Following the completion of the transaction, the chief executive officer now owns 830,766 shares of the company’s stock, valued at $69,476,960.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James Robert Anderson sold 40,000 shares of Lattice Semiconductor stock in a transaction on Monday, May 8th. The stock was sold at an average price of $83.63, for a total value of $3,345,200.00. Following the completion of the sale, the chief executive officer now owns 830,766 shares of the company’s stock, valued at $69,476,960.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sherri R. Luther sold 8,897 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $83.96, for a total value of $746,992.12. Following the sale, the chief financial officer now directly owns 159,272 shares of the company’s stock, valued at approximately $13,372,477.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,975 shares of company stock valued at $11,886,940. 1.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in Lattice Semiconductor by 29.8% during the first quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 1,737 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Lattice Semiconductor during the first quarter valued at approximately $122,000. Great West Life Assurance Co. Can grew its holdings in shares of Lattice Semiconductor by 8.1% during the first quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company’s stock valued at $4,660,000 after purchasing an additional 5,572 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Lattice Semiconductor by 5.6% during the first quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock valued at $2,151,000 after purchasing an additional 1,886 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new position in shares of Lattice Semiconductor during the first quarter valued at approximately $6,647,000. Institutional investors and hedge funds own 97.09% of the company’s stock.

Lattice Semiconductor Company Profile

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Lattice Semiconductor Corp. designs, develops, and markets programmable logic products and related software. The company was founded in 1983 and is headquartered in Hillsboro, OR.