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

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a research report issued on Wednesday,Benzinga reports. They currently have a $85.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ target price suggests a potential upside of 36.09% from the stock’s current price.

Several other brokerages have also commented on LSCC. Deutsche Bank Aktiengesellschaft decreased their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Susquehanna lowered their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday. Needham & Company LLC boosted their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, KeyCorp decreased their target price on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Lattice Semiconductor Trading Down 0.9 %

Shares of LSCC stock opened at $62.46 on Wednesday. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The company’s 50-day moving average price is $53.94 and its 200-day moving average price is $54.31. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 60.64 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. As a group, equities research analysts predict that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % 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. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares of the company’s stock, valued at $827,039.68. This trade represents a 11.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,076 shares of company stock worth $421,990. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC increased its holdings in shares of Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after purchasing an additional 668,132 shares during the period. Clearbridge Investments LLC grew its position in Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after buying an additional 294,290 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Lattice Semiconductor by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock valued at $81,582,000 after buying an additional 30,642 shares during the period. Dimensional Fund Advisors LP raised its position in Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after buying an additional 426,511 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Lattice Semiconductor by 5.8% in the second quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock valued at $60,923,000 after acquiring an additional 57,234 shares in 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.