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

Needham & Company LLC reiterated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research report released on Tuesday, Benzinga reports. They currently have a $61.00 price target on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus upgraded Lattice Semiconductor from a hold rating to a buy rating and set a $55.00 price objective for the company in a report on Tuesday. StockNews.com lowered shares of Lattice Semiconductor from a hold rating to a sell rating in a research note on Saturday, August 3rd. Rosenblatt Securities restated a buy rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, July 30th. Benchmark reiterated a buy rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, KeyCorp lowered their target price on shares of Lattice Semiconductor from $85.00 to $60.00 and set an overweight rating on the stock in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor has an average rating of Moderate Buy and a consensus target price of $63.08.

Lattice Semiconductor Stock Down 2.7 %

Shares of NASDAQ LSCC opened at $52.82 on Tuesday. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $87.64. The firm has a market cap of $7.27 billion, a PE ratio of 33.86 and a beta of 1.38. The company’s fifty day simple moving average is $49.28 and its 200 day simple moving average is $62.86.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same period last year, the company earned $0.40 EPS. Lattice Semiconductor’s revenue for the quarter was down 34.7% compared to the same quarter last year. On average, equities analysts predict that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSCC. Artisan Partners Limited Partnership raised its holdings in shares of Lattice Semiconductor by 6.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after purchasing an additional 611,550 shares during the period. Franklin Resources Inc. grew its holdings in Lattice Semiconductor by 43.5% during the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after purchasing an additional 1,889,110 shares during the period. William Blair Investment Management LLC increased its position in Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after buying an additional 668,132 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after buying an additional 294,290 shares during the period. Finally, Robeco Schweiz AG lifted its position in shares of Lattice Semiconductor by 9.5% during the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after buying an additional 132,000 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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.