Lattice Semiconductor (NASDAQ:LSCC) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research report released on Tuesday, Benzinga reports. They currently have a $85.00 price target on the semiconductor company’s stock.

A number of other equities analysts have also weighed in on LSCC. Needham & Company LLC restated a buy rating and set a $75.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. KeyCorp upped their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the company an overweight rating in a research report on Tuesday, February 13th. Benchmark lifted their price objective on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. Susquehanna dropped their target price on Lattice Semiconductor from $80.00 to $78.00 and set a positive rating for the company in a report on Tuesday, February 13th. Finally, Stifel Nicolaus reduced their price target on Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $83.36.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $70.92 on Tuesday. The stock’s 50 day simple moving average is $75.42 and its 200-day simple moving average is $68.80. The company has a market cap of $9.76 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 12.39 and a beta of 1.41. Lattice Semiconductor has a 1-year low of $51.96 and a 1-year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The firm had revenue of $170.60 million during the quarter, compared to the consensus estimate of $176.15 million. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Lattice Semiconductor will post 0.8 EPS for the current fiscal year.

Insider Activity

In related news, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the transaction, the senior vice president now directly owns 11,908 shares in the company, valued at approximately $894,767.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares in the company, valued at $9,281,394.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,741 shares of company stock valued at $3,225,795. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Lattice Semiconductor by 5.9% in the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock valued at $1,245,356,000 after purchasing an additional 807,562 shares during the period. Artisan Partners Limited Partnership raised its position in 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 purchasing an additional 611,550 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Lattice Semiconductor by 43.5% in the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after buying an additional 1,889,110 shares during the period. Invesco Ltd. grew its position in shares of Lattice Semiconductor by 7.5% during the third quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock worth $413,708,000 after buying an additional 335,564 shares in the last quarter. Finally, Robeco Schweiz AG increased its stake 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 worth $105,251,000 after buying an additional 132,000 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.