Rosenblatt Securities Reaffirms Buy Rating for Lattice Semiconductor (NASDAQ:LSCC)

Rosenblatt Securities restated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a report released on Tuesday, Benzinga reports. They currently have a $85.00 price objective on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on the company. KeyCorp lifted their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the company an overweight rating in a report on Tuesday, February 13th. Susquehanna reduced their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a positive rating for the company in a report on Tuesday, February 13th. Needham & Company LLC reaffirmed a buy rating and issued a $75.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Benchmark increased 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. Finally, Stifel Nicolaus cut their price target on Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $83.36.

Lattice Semiconductor Stock Performance

LSCC traded up $1.06 during midday trading on Tuesday, reaching $70.92. 1,426,598 shares of the company were exchanged, compared to its average volume of 2,186,429. The stock has a market capitalization of $9.76 billion, a P/E ratio of 45.46, a PEG ratio of 12.39 and a beta of 1.41. Lattice Semiconductor has a one year low of $51.96 and a one year high of $98.30. The stock’s 50-day simple moving average is $75.42 and its 200 day simple moving average is $68.80.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $170.60 million during the quarter, compared to the consensus estimate of $176.15 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, research analysts anticipate that Lattice Semiconductor will post 0.8 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now owns 11,908 shares in the company, valued at $894,767.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction 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 sale, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The disclosure for this sale can be found here. Insiders have sold a total of 43,741 shares of company stock worth $3,225,795 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC raised its stake in Lattice Semiconductor by 159.6% in the first quarter. Larson Financial Group LLC now owns 2,300 shares of the semiconductor company’s stock valued at $180,000 after purchasing an additional 1,414 shares in the last quarter. RiverPark Advisors LLC increased its stake in Lattice Semiconductor by 361.3% during the 1st quarter. RiverPark Advisors LLC now owns 3,787 shares of the semiconductor company’s stock valued at $296,000 after purchasing an additional 2,966 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Lattice Semiconductor by 5.9% during the first quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the semiconductor company’s stock worth $704,000 after buying an additional 500 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in shares of Lattice Semiconductor in the first quarter valued at $221,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Lattice Semiconductor by 28.9% during the first quarter. BNP Paribas Financial Markets now owns 587,444 shares of the semiconductor company’s stock valued at $45,956,000 after buying an additional 131,881 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Company Profile

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.