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

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a research report issued on Monday,Benzinga reports. They presently have a $85.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ target price points to a potential upside of 44.95% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. StockNews.com upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Susquehanna lifted their target price on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Raymond James cut their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $58.64 on Monday. The company has a 50-day simple moving average of $57.83 and a two-hundred day simple moving average of $52.99. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The firm has a market capitalization of $8.09 billion, a PE ratio of 56.93 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Analysts expect that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares in the company, valued at approximately $827,039.68. This represents a 11.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock worth $596,502 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LSCC. TimesSquare Capital Management LLC grew its position in shares of Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after purchasing an additional 1,473,154 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Lattice Semiconductor in the third quarter worth about $49,297,000. Westfield Capital Management Co. LP purchased a new position in shares of Lattice Semiconductor in the third quarter worth about $38,194,000. Raymond James Financial Inc. purchased a new position in shares of Lattice Semiconductor in the fourth quarter worth about $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after buying an additional 380,790 shares in the last quarter. 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.