Rosenblatt Securities Reiterates Buy Rating for Lattice Semiconductor (NASDAQ:LSCC)

Rosenblatt Securities restated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $85.00 price objective on the semiconductor company’s stock.

Other equities analysts have also issued reports about the company. Needham & Company LLC reaffirmed a buy rating and issued a $75.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Susquehanna reduced their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a positive rating on the stock in a research report on Tuesday, February 13th. KeyCorp increased their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Stifel Nicolaus reduced their target price on shares of Lattice Semiconductor from $70.00 to $67.00 and set a hold rating on the stock in a report on Tuesday, February 13th. Finally, Benchmark upped their price target on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of Moderate Buy and a consensus price target of $83.36.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $70.92 on Tuesday. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 45.46, a price-to-earnings-growth ratio of 12.39 and a beta of 1.41. Lattice Semiconductor has a one year low of $51.96 and a one year high of $98.30. The company has a 50 day moving average price of $75.42 and a 200 day moving average price of $68.80.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. During the same period in the previous year, the company earned $0.38 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts forecast that Lattice Semiconductor will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the sale, the chief financial officer now directly owns 124,116 shares in the company, valued at approximately $9,281,394.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor stock in a transaction dated 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 transaction, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,741 shares of company stock worth $3,225,795. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Lattice Semiconductor during the third quarter worth $26,000. Larson Financial Group LLC bought a new position in shares of Lattice Semiconductor in the 3rd quarter worth about $29,000. Van ECK Associates Corp boosted its holdings in shares of Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 174 shares during the period. Rise Advisors LLC bought a new stake in shares of Lattice Semiconductor during the 1st quarter valued at about $30,000. Finally, Heritage Wealth Advisors acquired a new stake in Lattice Semiconductor during the third quarter worth about $33,000. Institutional investors and hedge funds 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.