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

Rosenblatt Securities reaffirmed their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $85.00 price objective on the semiconductor company’s stock.

Other analysts have also recently issued reports about the company. Susquehanna decreased their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. TD Cowen reduced their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, September 17th. Raymond James cut their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, KeyCorp lowered their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $62.00.

Lattice Semiconductor Trading Down 1.2 %

NASDAQ:LSCC traded down $0.73 during trading hours on Wednesday, reaching $62.28. 68,667 shares of the company were exchanged, compared to its average volume of 2,363,032. The stock’s 50-day moving average is $53.72 and its 200-day moving average is $54.26. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The firm has a market cap of $8.59 billion, a PE ratio of 61.17 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same period in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, research analysts anticipate that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction dated 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 directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,076 shares of company stock valued at $421,990 over the last 90 days. 1.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in Lattice Semiconductor in the third quarter worth $49,297,000. Westfield Capital Management Co. LP acquired a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $38,194,000. William Blair Investment Management LLC lifted its position in Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after purchasing an additional 668,132 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Lattice Semiconductor by 319.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after acquiring an additional 380,790 shares during the period. 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.