Lattice Semiconductor (NASDAQ:LSCC) Earns "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 reaffirmed by research analysts at Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $72.00 target price on the semiconductor company's stock. Rosenblatt Securities' target price would suggest a potential upside of 17.05% from the stock's previous close.

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

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock traded up $0.79 during midday trading on Tuesday, hitting $61.51. The company had a trading volume of 3,805,152 shares, compared to its average volume of 2,588,273. The stock has a market capitalization of $8.42 billion, a P/E ratio of 267.45, a P/E/G ratio of 4.29 and a beta of 1.52. The company has a 50 day moving average of $51.54 and a 200 day moving average of $53.02. 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 quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $123.97 million for the quarter, compared to the consensus estimate of $123.60 million. Lattice Semiconductor had a return on equity of 6.61% and a net margin of 6.47%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. Equities research analysts forecast that Lattice Semiconductor will post 0.65 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the sale, the director directly owned 8,084 shares of the company's stock, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction 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 sale, 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. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in shares of Lattice Semiconductor by 28.8% in the second quarter. Cetera Investment Advisers now owns 6,432 shares of the semiconductor company's stock valued at $315,000 after acquiring an additional 1,440 shares in the last quarter. Intech Investment Management LLC increased its position in Lattice Semiconductor by 145.6% during the 2nd quarter. Intech Investment Management LLC now owns 32,508 shares of the semiconductor company's stock worth $1,593,000 after purchasing an additional 19,274 shares in the last quarter. SG Americas Securities LLC increased its position in Lattice Semiconductor by 5,916.9% during the 2nd quarter. SG Americas Securities LLC now owns 470,760 shares of the semiconductor company's stock worth $23,063,000 after purchasing an additional 462,936 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Lattice Semiconductor by 7.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,330 shares of the semiconductor company's stock worth $1,731,000 after purchasing an additional 2,349 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its position in Lattice Semiconductor by 4.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 51,768 shares of the semiconductor company's stock worth $2,536,000 after purchasing an additional 2,418 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.