Lattice Semiconductor’s (LSCC) Buy Rating Reiterated at Benchmark

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

Several other analysts have also weighed in on the stock. StockNews.com lowered shares of Lattice Semiconductor from a hold rating to a sell rating in a research report on Saturday, August 3rd. Needham & Company LLC decreased their target price on shares of Lattice Semiconductor from $80.00 to $61.00 and set a buy rating on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $82.00 to $56.00 and set a buy rating on the stock in a research report on Tuesday, July 30th. Rosenblatt Securities reiterated a buy rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Finally, TD Cowen decreased their target price on shares of Lattice Semiconductor from $80.00 to $60.00 and set a buy rating on the stock in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of Moderate Buy and an average price target of $63.08.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $52.07 on Monday. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 33.38 and a beta of 1.38. The company’s fifty day moving average is $49.52 and its two-hundred day moving average is $63.10. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $87.64.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, sell-side analysts expect that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

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

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors have recently modified their holdings of the business. Clearbridge Investments LLC grew its position in shares of Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after buying an additional 294,290 shares during the period. Ariadne Wealth Management LP acquired a new stake in shares of Lattice Semiconductor during the 2nd quarter worth approximately $2,090,000. Cetera Investment Advisers grew its holdings in Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after purchasing an additional 13,236 shares during the period. Mackenzie Financial Corp grew its holdings in Lattice Semiconductor by 27.0% during the second quarter. Mackenzie Financial Corp now owns 34,292 shares of the semiconductor company’s stock valued at $1,989,000 after purchasing an additional 7,291 shares during the period. Finally, MBB Public Markets I LLC acquired a new position in Lattice Semiconductor during the second quarter valued at approximately $565,000. Institutional investors and hedge funds 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.