Rosenblatt Securities Reiterates Buy Rating for Lattice Semiconductor (NASDAQ:LSCC)

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report)'s stock had its "buy" rating reissued by Rosenblatt Securities in a report released on Tuesday,Benzinga reports. They currently have a $72.00 price objective on the semiconductor company's stock. Rosenblatt Securities' target price indicates a potential upside of 45.02% from the stock's current price.

Other research analysts have also issued research reports about the stock. KeyCorp upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Stifel Nicolaus boosted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. TD Cowen raised their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday. Susquehanna upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Finally, Loop Capital began coverage on shares of Lattice Semiconductor in a research note on Friday, April 4th. They set a "buy" rating and a $85.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of "Moderate Buy" and an average target price of $64.93.

Lattice Semiconductor Trading Up 1.0 %

Shares of LSCC stock traded up $0.47 during trading hours on Tuesday, reaching $49.65. 2,492,111 shares of the company's stock were exchanged, compared to its average volume of 2,605,915. Lattice Semiconductor has a fifty-two week low of $34.69 and a fifty-two week high of $78.29. The stock's 50 day moving average is $51.15 and its 200-day moving average is $55.30. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 112.84, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The company had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. During the same period last year, the business posted $0.29 earnings per share. The firm's revenue was down 14.7% compared to the same quarter last year. Equities analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current year.

Insider Activity

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now directly owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. This trade represents a 7.55 % 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 hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares of the company's stock, valued at approximately $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. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its holdings in shares of Lattice Semiconductor by 2.9% during the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock valued at $1,592,000 after acquiring an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Lattice Semiconductor by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock valued at $53,217,000 after purchasing an additional 29,516 shares during the last quarter. Compass Wealth Management LLC purchased a new position in Lattice Semiconductor in the 4th quarter valued at $1,324,000. Barclays PLC boosted its stake in Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after purchasing an additional 372,301 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after buying an additional 266 shares in the last quarter. Institutional investors and hedge funds 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.