Benchmark Reiterates Buy Rating for Lattice Semiconductor (NASDAQ:LSCC)

Benchmark restated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC - Free Report) in a research report released on Tuesday, MarketBeat.com reports. They currently have a $60.00 price target on the semiconductor company's stock.

A number of other equities research analysts have also issued reports on LSCC. Needham & Company LLC restated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. KeyCorp upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. TD Cowen boosted their price target on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Susquehanna raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.93.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC traded up $0.47 during trading on Tuesday, reaching $49.65. The stock had a trading volume of 2,492,111 shares, compared to its average volume of 2,605,915. The business has a fifty day moving average price of $51.15 and a 200-day moving average price of $55.30. Lattice Semiconductor has a 1-year low of $34.69 and a 1-year high of $78.29. The stock has a market cap of $6.83 billion, a PE ratio of 112.84, a PEG ratio of 3.03 and a beta of 1.60.

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

Insider Activity at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction 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 completion of the sale, the director now directly owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in shares of Lattice Semiconductor by 65.7% during 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 raised its position in Lattice Semiconductor by 209.2% in the 1st 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 in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Lattice Semiconductor in the 1st quarter valued at about $36,000. UMB Bank n.a. grew its position 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. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth approximately $38,000. 98.08% of the stock is currently 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.