Lattice Semiconductor (NASDAQ:LSCC) Stock Rating Reaffirmed by Needham & Company LLC

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued on Tuesday, Benzinga reports. They currently have a $61.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 17.15% from the stock’s current price.

Several other brokerages have also commented on LSCC. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Susquehanna decreased their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a research note on Tuesday, July 30th. Bank of America cut shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, TD Cowen raised Lattice Semiconductor to a “strong-buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.08.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $52.07 on Tuesday. The stock’s 50-day moving average is $49.52 and its two-hundred day moving average is $63.10. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 33.38 and a beta of 1.38. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $87.64.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. As a group, research analysts predict that Lattice Semiconductor will post 0.59 EPS for the current year.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rise Advisors LLC bought a new position in Lattice Semiconductor during the first quarter valued at about $30,000. Principal Securities Inc. acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $31,000. West Oak Capital LLC increased its stake in shares of Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares during the period. GAMMA Investing LLC boosted its stake in Lattice Semiconductor by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 333 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.