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

Rosenblatt Securities reaffirmed their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a $85.00 price objective on the semiconductor company’s stock.

A number of other analysts have also weighed in on the company. Stifel Nicolaus dropped their price objective on Lattice Semiconductor from $67.00 to $55.00 and set a hold rating for the company in a research note on Tuesday. StockNews.com raised Lattice Semiconductor from a sell rating to a hold rating in a research note on Friday, July 26th. Bank of America lowered Lattice Semiconductor from a neutral rating to an underperform rating and dropped their price target for the stock from $83.00 to $47.00 in a research note on Tuesday. Robert W. Baird raised their price target on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an outperform rating in a research note on Tuesday, April 30th. Finally, Benchmark reaffirmed a buy rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $66.55.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $45.08 on Tuesday. The firm has a market cap of $6.21 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 11.53 and a beta of 1.39. Lattice Semiconductor has a fifty-two week low of $44.51 and a fifty-two week high of $98.30. The business has a 50 day moving average price of $60.33 and a 200-day moving average price of $68.37.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business’s revenue for the quarter was down 34.7% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. Research analysts predict that Lattice Semiconductor will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,210 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $72.97, for a total value of $88,293.70. Following the completion of the transaction, the senior vice president now owns 14,554 shares in the company, valued at $1,062,005.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Glenn O’rourke sold 1,241 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total transaction of $92,504.14. Following the completion of the transaction, the senior vice president now directly owns 12,084 shares in the company, valued at $900,741.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,210 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $72.97, for a total value of $88,293.70. Following the transaction, the senior vice president now owns 14,554 shares of the company’s stock, valued at $1,062,005.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,566 shares of company stock worth $3,664,529. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Schweiz AG increased its holdings in shares of Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after acquiring an additional 132,000 shares in the last quarter. US Bancorp DE boosted its position in shares of Lattice Semiconductor by 458.5% during the fourth quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock valued at $1,508,000 after buying an additional 17,950 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Lattice Semiconductor by 286.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock valued at $13,571,000 after buying an additional 142,543 shares during the last quarter. Norden Group LLC boosted its position in shares of Lattice Semiconductor by 1,196.1% during the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock valued at $5,212,000 after buying an additional 61,478 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position 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.

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.