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 issued on Monday, Benzinga reports. The firm currently has a $85.00 price target on the semiconductor company’s stock.

Several other equities analysts have also commented on the company. Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 17th. Finally, TD Cowen upgraded shares of Lattice Semiconductor to a “strong-buy” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $54.17 on Monday. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The stock has a market capitalization of $7.46 billion, a PE ratio of 52.59 and a beta of 1.39. The stock has a 50-day simple moving average of $50.40 and a 200-day simple moving average of $57.15.

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 16.92%. The company had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was down 33.9% on a year-over-year basis. Analysts predict that Lattice Semiconductor will post 0.59 EPS for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC lifted its stake in shares of Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares during the period. Clearbridge Investments LLC increased its stake in shares of Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after acquiring an additional 294,290 shares during the period. Bank of New York Mellon Corp raised its holdings in Lattice Semiconductor by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after purchasing an additional 30,642 shares in the last quarter. Rokos Capital Management LLP lifted its position in Lattice Semiconductor by 1,592.8% in the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after purchasing an additional 1,141,230 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other 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.