Lattice Semiconductor (NASDAQ:LSCC) Earns Buy Rating from Rosenblatt Securities

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a report issued on Tuesday,Benzinga reports. They presently have a $72.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ target price points to a potential upside of 37.25% from the stock’s current price.

A number of other analysts have also commented on LSCC. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday. Stifel Nicolaus upped their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Loop Capital assumed coverage on shares of Lattice Semiconductor in a report on Friday, April 4th. They set a “buy” rating and a $85.00 price target on the stock. Finally, Susquehanna boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.92.

Lattice Semiconductor Stock Up 1.1 %

Shares of LSCC stock opened at $52.46 on Tuesday. Lattice Semiconductor has a twelve month low of $34.69 and a twelve month high of $78.29. The business has a fifty day simple moving average of $52.14 and a 200 day simple moving average of $55.45. The company has a market cap of $7.22 billion, a P/E ratio of 119.23, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The firm’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. As a group, equities research analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares of the company’s stock, valued at $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its stake in Lattice Semiconductor by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock valued at $1,220,487,000 after acquiring an additional 478,440 shares during the period. Vanguard Group Inc. raised its holdings in shares of Lattice Semiconductor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after acquiring an additional 229,820 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock valued at $355,942,000 after acquiring an additional 4,676,100 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lattice Semiconductor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after purchasing an additional 74,655 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in Lattice Semiconductor by 10.6% during the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock worth $127,944,000 after purchasing an additional 216,617 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

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.