Lattice Semiconductor (NASDAQ:LSCC) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $113.78 and traded as high as $114.75. Lattice Semiconductor shares last traded at $113.89, with a volume of 4,258,875 shares traded.

Analyst Ratings Changes

Several equities analysts have weighed in on LSCC shares. Robert W. Baird set a $195.00 target price on shares of Lattice Semiconductor in a report on Tuesday, November 3rd. Wall Street Zen downgraded shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 18th. Rosenblatt Securities lifted their price target on shares of Lattice Semiconductor from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 3rd. Benchmark started coverage on shares of Lattice Semiconductor in a research report on Tuesday, August 25th. They set a “buy” rating and a $160.00 price target on the stock. Finally, TD Cowen decreased their price objective on Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $166.82.

Lattice Semiconductor Trading Up 8.4%

The business has a fifty day moving average price of $113.78 and a two-hundred day moving average price of $115.96. The company has a current ratio of 1.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $16.20 billion, a PE ratio of 355.92, a PEG ratio of 1.63 and a beta of 1.90.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.17. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The firm had revenue of $291.04 million for the quarter, compared to analyst estimates of $255.90 million. During the same period in the previous year, the firm earned $0.28 EPS. Lattice Semiconductor’s revenue was up 118.3% on a year-over-year basis. Analysts expect that Lattice Semiconductor Corporation will post 1.31 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Tracy Feanny sold 1,880 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total value of $237,688.40. Following the transaction, the senior vice president directly owned 60,221 shares in the company, valued at approximately $7,613,741.03. This represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ford Tamer acquired 9,790 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average cost of $102.52 per share, with a total value of $1,003,670.80. Following the transaction, the chief executive officer directly owned 19,790 shares in the company, valued at $2,028,870.80. This trade represents a 97.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 19,661 shares of company stock valued at $2,587,259 in the last ninety days. Insiders own 0.62% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its holdings in Lattice Semiconductor by 3.7% in the first quarter. HB Wealth Management LLC now owns 3,335 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 119 shares during the last quarter. Signature Equity Partners LLC raised its stake in Lattice Semiconductor by 160.5% during the third quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 130 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Lattice Semiconductor by 3.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 4,225 shares of the semiconductor company’s stock worth $531,000 after buying an additional 137 shares during the last quarter. Allworth Financial LP lifted its holdings in Lattice Semiconductor by 21.5% during the 3rd quarter. Allworth Financial LP now owns 818 shares of the semiconductor company’s stock worth $103,000 after buying an additional 145 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Lattice Semiconductor by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $182,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

About Lattice Semiconductor