Lattice Semiconductor's (LSCC) "Buy" Rating Reiterated at Benchmark

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 reissued their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC - Free Report) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $60.00 price target on the semiconductor company's stock.

Several other equities research analysts also recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Robert W. Baird raised their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Loop Capital cut their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. KeyCorp lowered their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, TD Cowen lowered their price objective on Lattice Semiconductor from $62.00 to $57.00 and set a "buy" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $63.58.

Lattice Semiconductor Stock Up 5.5%

Shares of NASDAQ LSCC traded up $3.14 during trading hours on Tuesday, hitting $60.72. The company had a trading volume of 4,803,959 shares, compared to its average volume of 2,470,501. The stock has a market capitalization of $8.31 billion, a P/E ratio of 264.01, a price-to-earnings-growth ratio of 3.82 and a beta of 1.52. Lattice Semiconductor has a 1-year low of $34.69 and a 1-year high of $70.55. The firm's 50 day moving average is $51.20 and its 200-day moving average is $53.00.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced 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 business had revenue of $123.97 million during the quarter, compared to the consensus estimate of $123.60 million. During the same quarter last year, the firm posted $0.23 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, the senior vice president owned 87,106 shares in the company, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the transaction, the director owned 8,084 shares in the company, valued at approximately $420,610.52. This represents a 7.97% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LSCC. T. Rowe Price Investment Management Inc. boosted its stake in shares of Lattice Semiconductor by 2.3% during 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 purchasing an additional 478,440 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Lattice Semiconductor by 24.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,800,552 shares of the semiconductor company's stock valued at $409,139,000 after purchasing an additional 1,517,395 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Lattice Semiconductor by 10.6% in the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock worth $127,944,000 after acquiring an additional 216,617 shares during the period. Invesco Ltd. lifted its stake in shares of Lattice Semiconductor by 93.2% in the first quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company's stock worth $113,192,000 after acquiring an additional 1,040,804 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of Lattice Semiconductor by 5.7% in the second quarter. TD Asset Management Inc now owns 1,817,854 shares of the semiconductor company's stock worth $89,057,000 after acquiring an additional 97,610 shares during the period. Institutional investors own 98.08% of the company's stock.

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.