Needham & Company LLC Reiterates Buy Rating for Lattice Semiconductor (NASDAQ:LSCC)

Needham & Company LLC restated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC - Free Report) in a research note published on Tuesday morning,Benzinga reports. The firm currently has a $70.00 target price on the semiconductor company's stock.

Several other equities analysts also recently commented on the stock. Benchmark reissued a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday. Rosenblatt Securities reiterated a "buy" rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. KeyCorp boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. TD Cowen increased their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.93.

Lattice Semiconductor Stock Up 1.0 %

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

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

Insiders Place Their Bets

In related news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now 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. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently added to or reduced their stakes in LSCC. Barclays PLC grew its position in shares of 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 buying an additional 372,301 shares during the period. Tidal Investments LLC boosted its stake in Lattice Semiconductor by 2.0% during the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after acquiring an additional 224 shares in the last quarter. GAMMA Investing LLC grew its holdings in Lattice Semiconductor by 27.9% in the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company's stock worth $154,000 after purchasing an additional 594 shares during the period. Oak Thistle LLC bought a new stake in Lattice Semiconductor in the fourth quarter valued at $804,000. Finally, Park Avenue Securities LLC raised its holdings in shares of Lattice Semiconductor by 19.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company's stock valued at $279,000 after purchasing an additional 796 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

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.