Lattice Semiconductor (NASDAQ:LSCC) Earns “Buy” Rating from Rosenblatt Securities

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a report issued on Tuesday,Benzinga reports. They presently have a $72.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ price target points to a potential upside of 48.21% from the stock’s current price.

Several other research analysts have also recently weighed in on LSCC. TD Cowen boosted their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Stifel Nicolaus raised their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Loop Capital initiated coverage on shares of Lattice Semiconductor in a research note on Friday, April 4th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.93.

Lattice Semiconductor Price Performance

LSCC opened at $48.58 on Tuesday. Lattice Semiconductor has a 1 year low of $34.69 and a 1 year high of $78.29. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 110.41, a P/E/G ratio of 3.03 and a beta of 1.60. The firm’s fifty day moving average price is $51.60 and its two-hundred day moving average price is $55.35.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The business had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. During the same period in the prior year, the firm posted $0.29 EPS. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, equities analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. This represents a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its position in shares of Lattice Semiconductor by 65.7% in the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Lattice Semiconductor by 209.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock worth $32,000 after buying an additional 410 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Lattice Semiconductor in the 1st quarter worth $36,000. UMB Bank n.a. raised its position in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor during the 4th quarter worth $38,000. Hedge funds and other 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.