Lattice Semiconductor’s (LSCC) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a report published on Wednesday morning,Benzinga reports. They currently have a $85.00 target price on the semiconductor company’s stock.

A number of other analysts have also recently commented on LSCC. Needham & Company LLC upped their price target on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna cut their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Raymond James decreased their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. TD Cowen dropped their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp reduced their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $63.45 on Wednesday. The business has a 50-day moving average of $53.94 and a 200-day moving average of $54.31. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 61.60 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the company earned $0.41 EPS. The company’s revenue for the quarter was down 33.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 1,096 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total transaction of $68,543.84. Following the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $22,827.10. This trade represents a 75.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the sale, the senior vice president now owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. This trade represents a 11.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,172 shares of company stock worth $490,534 in the last quarter. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently added to or reduced their stakes in LSCC. American National Bank & Trust boosted its stake in Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 709 shares during the last quarter. West Oak Capital LLC lifted its stake in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 550 shares during the last quarter. Hollencrest Capital Management purchased a new position in Lattice Semiconductor in the third quarter valued at approximately $53,000. Blue Trust Inc. grew its holdings in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after buying an additional 407 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.