Lattice Semiconductor (NASDAQ:LSCC) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Lattice Semiconductor Corporation (NASDAQ:LSCC) passed 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.

Analyst Ratings Changes

Several equities analysts have issued reports on LSCC shares. Benchmark initiated coverage on shares of Lattice Semiconductor in a report on Tuesday, August 25th. They set a “buy” rating and a $160.00 price objective on the stock. Needham & Company LLC boosted their target price on shares of Lattice Semiconductor from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. William Blair started coverage on shares of Lattice Semiconductor in a research note on Tuesday, October 6th. They set an “outperform” rating for the company. KeyCorp raised their price target on shares of Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities raised their price target on shares of Lattice Semiconductor from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $166.82.

Lattice Semiconductor Trading Up 8.4%

The company has a 50 day moving average of $113.78 and a 200 day moving average of $115.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 1.92. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 355.92, a P/E/G ratio of 1.63 and a beta of 1.90.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $291.04 million for the quarter, compared to analysts’ expectations of $255.90 million. During the same quarter in the previous year, the company posted $0.28 EPS. The firm’s quarterly revenue was up 118.3% on a year-over-year basis. On average, research analysts predict that Lattice Semiconductor Corporation will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Feanny sold 1,880 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total value of $237,688.40. Following the completion of the sale, the senior vice president owned 60,221 shares in the company, valued at approximately $7,613,741.03. This represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Esam Elashmawi sold 15,742 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $134.77, for a total value of $2,121,549.34. Following the transaction, the senior vice president owned 155,420 shares in the company, valued at approximately $20,945,953.40. This represents a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 19,661 shares of company stock valued at $2,587,259. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Lattice Semiconductor in the 2nd quarter valued at $2,637,161,000. William Blair Investment Management LLC purchased a new position in shares of Lattice Semiconductor during the 2nd quarter worth $177,497,000. TimesSquare Capital Management LLC purchased a new position in shares of Lattice Semiconductor during the 2nd quarter worth $173,633,000. Bank of New York Mellon Corp purchased a new position in shares of Lattice Semiconductor during the 2nd quarter worth $139,705,000. Finally, Bank of America Corp DE acquired a new position in shares of Lattice Semiconductor during the 2nd quarter valued at about $94,740,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile