Lattice Semiconductor (NASDAQ:LSCC) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research note released on Monday, Benzinga reports. Benchmark currently has a $60.00 price target on the semiconductor company’s stock.

Several other equities analysts have also weighed in on LSCC. Rosenblatt Securities restated a buy rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. StockNews.com lowered shares of Lattice Semiconductor from a hold rating to a sell rating in a research note on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lattice Semiconductor from $82.00 to $56.00 and set a buy rating on the stock in a report on Tuesday, July 30th. Needham & Company LLC reduced their price objective on Lattice Semiconductor from $80.00 to $61.00 and set a buy rating for the company in a report on Tuesday, July 30th. Finally, KeyCorp lowered their target price on Lattice Semiconductor from $85.00 to $60.00 and set an overweight rating on the stock in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $63.08.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $50.31 on Monday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $87.87. The firm has a 50-day moving average price of $49.88 and a two-hundred day moving average price of $63.37. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 32.25 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 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 business had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same quarter last year, the business posted $0.40 earnings per share. The business’s revenue was down 34.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

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

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of LSCC. Rise Advisors LLC purchased a new position in shares of Lattice Semiconductor during the first quarter worth about $30,000. Principal Securities Inc. bought a new stake in Lattice Semiconductor during the fourth quarter valued at approximately $31,000. West Oak Capital LLC grew its stake in Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after buying an additional 550 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Lattice Semiconductor by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock worth $58,000 after buying an additional 333 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after buying an additional 748 shares during the last quarter. Hedge funds and other 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.