Lattice Semiconductor’s (LSCC) Buy Rating Reiterated at Rosenblatt Securities

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

LSCC has been the subject of several other research reports. TD Cowen lowered their target price 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. KeyCorp increased their price objective on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird raised their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Trading Up 4.9 %

NASDAQ LSCC opened at $61.52 on Monday. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 59.73 and a beta of 1.41. The firm’s 50 day simple moving average is $57.84 and its 200 day simple moving average is $53.01.

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

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the 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 completion of the sale, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’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 transaction of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in Lattice Semiconductor by 15.3% during the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 190 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after purchasing an additional 224 shares during the period. CIBC Asset Management Inc boosted its position in shares of Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 231 shares in the last quarter. UMB Bank n.a. grew its stake in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the period. Finally, Truvestments Capital LLC increased its holdings in Lattice Semiconductor by 6.8% in the fourth quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company’s stock worth $243,000 after purchasing an additional 274 shares in the last quarter. 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.