Lattice Semiconductor's (LSCC) Buy Rating Reiterated at Jefferies Financial Group

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report)'s stock had its "buy" rating restated by analysts at Jefferies Financial Group in a note issued to investors on Monday, Benzinga reports. They presently have a $88.00 target price on the semiconductor company's stock, up from their prior target price of $84.00. Jefferies Financial Group's target price would suggest a potential upside of 24.31% from the stock's previous close.

LSCC has been the subject of a number of other reports. Stifel Nicolaus lowered their price target on Lattice Semiconductor from $70.00 to $67.00 and set a "hold" rating for the company in a report on Tuesday, February 13th. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Tuesday, April 30th. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Benchmark boosted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. Finally, Bank of America lifted their target price on Lattice Semiconductor from $75.00 to $83.00 and gave the company a "neutral" rating in a research note on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.09.

Lattice Semiconductor Price Performance

Shares of LSCC stock traded up $1.24 during trading on Monday, reaching $70.79. The company's stock had a trading volume of 973,167 shares, compared to its average volume of 2,119,993. Lattice Semiconductor has a 1-year low of $51.96 and a 1-year high of $98.30. The stock's 50-day moving average price is $74.92 and its 200 day moving average price is $68.64. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 14.49 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $170.60 million during the quarter, compared to analysts' expectations of $176.15 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The firm's revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the sale, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the sale, the senior vice president now directly owns 28,283 shares in the company, valued at approximately $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the transaction, the senior vice president now directly owns 11,908 shares of the company's stock, valued at $894,767.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,391 shares of company stock worth $3,270,775. 1.80% of the stock is owned by insiders.

Institutional Trading of Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in shares of Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 174 shares during the period. Headlands Technologies LLC acquired a new position in shares of Lattice Semiconductor in the third quarter worth $26,000. GAMMA Investing LLC purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth $28,000. American National Bank purchased a new position in Lattice Semiconductor in the fourth quarter valued at about $28,000. Finally, Larson Financial Group LLC bought a new stake in Lattice Semiconductor in the third quarter worth $29,000. 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.