Lattice Semiconductor (NASDAQ:LSCC) Receives "Buy" Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities has restated a "buy" rating for Lattice Semiconductor, with a target price of $72.00, indicating a potential upside of 47.75%.
• Lattice Semiconductor's stock trades with a market capitalization of $6.70 billion and its current stock value reflects a decrease of 0.5%.
• Recent earnings results show the company reported $0.24 EPS, meeting expectations while the quarterly revenue was $123.97 million, slightly above forecasts.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report)'s stock had its "buy" rating restated by research analysts at Rosenblatt Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $72.00 price objective on the semiconductor company's stock. Rosenblatt Securities' target price indicates a potential upside of 47.75% from the stock's current price.

Several other brokerages have also commented on LSCC. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Loop Capital decreased their target price on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. TD Cowen lowered their target price on Lattice Semiconductor from $62.00 to $57.00 and set a "buy" rating for the company in a research note on Tuesday. Benchmark restated a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.42.

Lattice Semiconductor Stock Down 0.5%

Shares of LSCC stock opened at $48.73 on Tuesday. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 131.70, a PEG ratio of 3.30 and a beta of 1.52. The stock has a fifty day moving average of $50.47 and a 200 day moving average of $53.00. Lattice Semiconductor has a 52 week low of $34.69 and a 52 week high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its earnings results on Monday, August 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $123.97 million during the quarter, compared to analysts' expectations of $123.60 million. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. Equities research analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds have recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of Lattice Semiconductor by 65.7% in the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 222 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 410 shares during the period. Summit Securities Group LLC purchased a new stake in Lattice Semiconductor in the first quarter worth approximately $32,000. Picton Mahoney Asset Management bought a new stake in Lattice Semiconductor in the 1st quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC grew its position in Lattice Semiconductor by 89.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 879 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 416 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.

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