Lattice Semiconductor (NASDAQ:LSCC) Stock Rating Reaffirmed by Rosenblatt Securities

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating restated by Rosenblatt Securities in a report issued on Tuesday, Benzinga reports. They currently have a $85.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 65.79% from the company’s previous close.

A number of other analysts have also issued reports on LSCC. Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Friday. Robert W. Baird boosted their price target on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Needham & Company LLC lowered their target price on Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday. Finally, TD Cowen lowered their target price on Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.09.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded down $3.69 during trading hours on Tuesday, hitting $51.27. 5,362,223 shares of the company’s stock traded hands, compared to its average volume of 2,186,304. The business has a fifty day moving average price of $62.41 and a 200-day moving average price of $68.87. Lattice Semiconductor has a 1 year low of $47.58 and a 1 year high of $98.30. The firm has a market capitalization of $7.05 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 11.98 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, equities analysts predict that Lattice Semiconductor will post 0.68 earnings per share for the current year.

Insider Activity

In other news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares in the company, valued at approximately $132,864. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares in the company, valued at approximately $132,864. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark Jon Nelson sold 1,210 shares of the 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 sale, the senior vice president now owns 14,554 shares of the company’s stock, valued at approximately $1,062,005.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,566 shares of company stock worth $3,664,529. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds have recently made changes to their positions in the company. Artisan Partners Limited Partnership increased its position in shares of Lattice Semiconductor by 6.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after acquiring an additional 611,550 shares during the period. Franklin Resources Inc. grew its position in Lattice Semiconductor by 43.5% during the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after purchasing an additional 1,889,110 shares during the period. William Blair Investment Management LLC grew its position in Lattice Semiconductor by 78.7% during the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock worth $195,179,000 after purchasing an additional 1,098,962 shares during the period. Robeco Schweiz AG grew its position in Lattice Semiconductor by 9.5% during the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after purchasing an additional 132,000 shares during the period. Finally, Norges Bank acquired a new stake in Lattice Semiconductor during the 4th quarter worth about $98,684,000. 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.