Lattice Semiconductor’s (LSCC) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $61.00 price target on the semiconductor company’s stock.

A number of other research firms have also issued reports on LSCC. TD Cowen upgraded Lattice Semiconductor to a strong-buy rating in a report on Monday. Benchmark restated a buy rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday. Bank of America lowered Lattice Semiconductor from a neutral rating to an underperform rating and reduced their target price for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. StockNews.com lowered Lattice Semiconductor from a hold rating to a sell rating in a report on Saturday, August 3rd. Finally, Raymond James upgraded Lattice Semiconductor from a market perform rating to an outperform rating and set a $50.00 price objective for the company in a report on Thursday, August 8th. Two 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $63.08.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $51.22 on Tuesday. Lattice Semiconductor has a one year low of $40.65 and a one year high of $87.87. The stock has a fifty day moving average of $49.71 and a 200-day moving average of $63.18. The company has a market capitalization of $7.05 billion, a PE ratio of 32.83 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results 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). The business had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. Lattice Semiconductor’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS. As a group, research analysts forecast that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the 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 directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the 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 directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of Lattice Semiconductor by 186.5% during the second 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. Robeco Schweiz AG raised its stake in 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 purchasing an additional 132,000 shares during the last quarter. US Bancorp DE boosted its holdings in Lattice Semiconductor by 458.5% in the 4th quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock valued at $1,508,000 after purchasing an additional 17,950 shares during the period. Norden Group LLC grew its position in Lattice Semiconductor by 1,196.1% in the 1st quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock worth $5,212,000 after purchasing an additional 61,478 shares during the last quarter. Finally, Swedbank AB acquired a new stake in Lattice Semiconductor in the 1st quarter worth $4,186,000. 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.