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

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $85.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 26.51% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Stifel Nicolaus reduced their price objective on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, February 13th. Susquehanna reduced their price objective on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a report on Tuesday, February 13th. KeyCorp increased their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Benchmark increased their target price on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $75.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.36.

Lattice Semiconductor Stock Down 2.1 %

LSCC stock opened at $67.19 on Tuesday. The business has a 50 day moving average of $75.60 and a 200-day moving average of $68.83. Lattice Semiconductor has a 12-month low of $51.96 and a 12-month high of $98.30. The firm has a market cap of $9.24 billion, a PE ratio of 43.07, a P/E/G ratio of 17.35 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 29.20% and a net margin of 31.42%. The business had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. During the same period in the prior year, the company earned $0.38 earnings per share. Lattice Semiconductor’s revenue was down 3.0% compared to the same quarter last year. On average, research analysts expect that Lattice Semiconductor will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares in the company, valued at $894,767.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares in the company, valued at $9,281,394.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,741 shares of company stock worth $3,225,795. Corporate insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares during the last quarter. Headlands Technologies LLC bought a new position in Lattice Semiconductor in the third quarter valued at $26,000. GAMMA Investing LLC bought a new position in Lattice Semiconductor in the fourth quarter valued at $28,000. American National Bank bought a new position in Lattice Semiconductor in the fourth quarter valued at $28,000. Finally, Larson Financial Group LLC bought a new position in Lattice Semiconductor in the third quarter valued at $29,000. 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.