Rosenblatt Securities Reiterates Buy Rating for Lattice Semiconductor (NASDAQ:LSCC)

Rosenblatt Securities reissued their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a report released on Monday morning,Benzinga reports. They currently have a $85.00 price objective on the semiconductor company’s stock.

LSCC has been the topic of a number of other research reports. Susquehanna dropped their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Lattice Semiconductor Trading Up 1.6 %

Shares of LSCC opened at $55.05 on Monday. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The firm’s 50-day moving average price is $50.56 and its 200-day moving average price is $57.13. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 53.45 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.92% and a net margin of 25.48%. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. On average, research analysts forecast that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor 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 owns 90,341 shares in the company, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently 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 the stock. American National Bank & Trust lifted its position in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 709 shares in the last quarter. West Oak Capital LLC raised its stake in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the period. Davidson Capital Management Inc. purchased a new position in Lattice Semiconductor during the first quarter valued at approximately $78,000. Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor in the third quarter worth approximately $53,000. Finally, Blue Trust Inc. increased its stake in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares in 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.