Lattice Semiconductor’s (LSCC) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a report published on Monday,Benzinga reports. Rosenblatt Securities currently has a $85.00 price target on the semiconductor company’s stock.

Several other equities research analysts have also issued reports on the company. StockNews.com raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Robert W. Baird upped their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. KeyCorp raised their price objective on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Needham & Company LLC upped their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen decreased their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Lattice Semiconductor Stock Performance

LSCC opened at $54.47 on Monday. The company’s 50-day simple moving average is $57.91 and its two-hundred day simple moving average is $52.98. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69. The stock has a market capitalization of $7.52 billion, a P/E ratio of 52.88 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Research analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 in the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds have recently made changes to their positions in the business. TimesSquare Capital Management LLC grew its stake in shares of Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $49,297,000. Westfield Capital Management Co. LP acquired a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $38,194,000. Raymond James Financial Inc. bought a new stake in Lattice Semiconductor during the fourth quarter worth approximately $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after purchasing an additional 380,790 shares during the period. 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.