Benchmark Reaffirms "Buy" Rating for Lattice Semiconductor (NASDAQ:LSCC)

Key Points

• Benchmark has reiterated its "buy" rating for Lattice Semiconductor (NASDAQ:LSCC) with a price target of $60.00, indicating a potential upside of 23.13% from the previous close.
• Other analysts have set varying price targets, with Rosenblatt Securities at $72.00 and Loop Capital lowering their target to $75.00, reflecting a diverse outlook on the stock.
• Lattice Semiconductor reported earnings matching estimates with a quarterly revenue of $123.97 million, slightly decreasing year-over-year, highlighting a stable yet competitive market environment.

Benchmark restated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC - Free Report) in a report issued on Tuesday,Benzinga reports. Benchmark currently has a $60.00 price objective on the semiconductor company's stock.

LSCC has been the topic of several other reports. Robert W. Baird boosted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Loop Capital decreased their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. KeyCorp reduced their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Williams Trading set a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.58.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded up $0.79 during mid-day trading on Tuesday, reaching $61.51. The company had a trading volume of 3,805,152 shares, compared to its average volume of 2,588,273. Lattice Semiconductor has a one year low of $34.69 and a one year high of $70.55. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 267.45, a PEG ratio of 4.29 and a beta of 1.52. The business's 50-day simple moving average is $51.54 and its 200 day simple moving average is $53.02.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 6.61% and a net margin of 6.47%. The company had revenue of $123.97 million for the quarter, compared to analyst estimates of $123.60 million. During the same quarter last year, the company posted $0.23 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current year.

Insider Activity at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director owned 8,084 shares in the company, valued at $420,610.52. The trade was a 7.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the transaction, the senior vice president directly owned 87,106 shares in the company, valued at $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Institutional Trading of Lattice Semiconductor

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in shares of Lattice Semiconductor by 65.7% during the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock valued at $28,000 after buying an additional 222 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Lattice Semiconductor by 209.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 410 shares during the period. Summit Securities Group LLC bought a new position in Lattice Semiconductor in the first quarter worth $32,000. Picton Mahoney Asset Management purchased a new position in Lattice Semiconductor during the first quarter valued at $36,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Lattice Semiconductor by 89.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 879 shares of the semiconductor company's stock valued at $43,000 after buying an additional 416 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other 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.