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

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

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC cut their target price on shares of Lattice Semiconductor from $80.00 to $61.00 and set a buy rating on the stock in a research report on Tuesday. TD Cowen cut their target price on shares of Lattice Semiconductor from $80.00 to $60.00 and set a buy rating on the stock in a research report on Tuesday. Stifel Nicolaus cut their target price on shares of Lattice Semiconductor from $67.00 to $55.00 and set a hold rating on the stock in a research report on Tuesday. Susquehanna cut their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a positive rating on the stock in a research report on Tuesday. Finally, Bank of America downgraded shares of Lattice Semiconductor from a neutral rating to an underperform rating and cut their target price for the stock from $83.00 to $47.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Lattice Semiconductor has a consensus rating of Moderate Buy and an average price target of $66.55.

Lattice Semiconductor Trading Down 7.0 %

LSCC opened at $45.08 on Tuesday. The company’s 50 day moving average is $60.33 and its 200-day moving average is $68.37. Lattice Semiconductor has a 1-year low of $44.51 and a 1-year high of $98.30. The company has a market cap of $6.21 billion, a P/E ratio of 28.90, a PEG ratio of 11.53 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted 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). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was down 34.7% on a year-over-year basis. On average, equities analysts forecast that Lattice Semiconductor will post 0.68 EPS for the current year.

Insider Activity

In other news, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares in the company, valued at approximately $57,037,564.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares in the company, valued at approximately $132,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The disclosure for this sale can be found here. Insiders sold 49,566 shares of company stock worth $3,664,529 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of LSCC. Van ECK Associates Corp increased its stake in Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares in the last quarter. GAMMA Investing LLC bought a new stake in Lattice Semiconductor during the 4th quarter valued at $28,000. American National Bank bought a new stake in Lattice Semiconductor during the 4th quarter valued at $28,000. Rise Advisors LLC bought a new stake in Lattice Semiconductor during the 1st quarter valued at $30,000. Finally, Principal Securities Inc. bought a new stake in Lattice Semiconductor during the 4th quarter valued at $31,000. 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.