Lattice Semiconductor (NASDAQ:LSCC) Receives “Buy” Rating from Rosenblatt Securities

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $85.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 10.59% from the stock’s previous close.

LSCC has been the subject of a number of other research reports. Benchmark lifted their target price on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Stifel Nicolaus decreased their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, February 13th. Susquehanna decreased their target price on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a report on Tuesday, February 13th. KeyCorp lifted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $75.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.09.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $76.86 on Tuesday. The company has a market cap of $10.57 billion, a PE ratio of 41.55, a P/E/G ratio of 16.67 and a beta of 1.38. The business has a 50-day simple moving average of $75.77 and a two-hundred day simple moving average of $68.89. Lattice Semiconductor has a fifty-two week low of $51.96 and a fifty-two week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $170.60 million during the quarter, compared to the consensus estimate of $176.15 million. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. On average, sell-side analysts predict that Lattice Semiconductor will post 0.8 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now directly owns 124,116 shares in the company, valued at $9,281,394.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at $894,767.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now directly owns 124,116 shares in the company, valued at $9,281,394.48. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock worth $3,225,795 over the last three months. 1.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 174 shares during the last quarter. RiverPark Advisors LLC boosted its stake in Lattice Semiconductor by 31.2% during the fourth quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company’s stock worth $57,000 after buying an additional 195 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Lattice Semiconductor by 7.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,853 shares of the semiconductor company’s stock worth $245,000 after buying an additional 200 shares during the last quarter. State of Michigan Retirement System boosted its stake in Lattice Semiconductor by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after buying an additional 200 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Lattice Semiconductor by 0.4% during the fourth quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock worth $4,457,000 after buying an additional 230 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

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.