Lattice Semiconductor (NASDAQ:LSCC) Receives Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. Benchmark currently has a $60.00 price target on the semiconductor company’s stock.

Other equities analysts have also issued reports about the stock. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, February 10th. TD Cowen upped their price target on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp lifted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Susquehanna upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. Finally, StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.93.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $49.18 on Tuesday. The company’s fifty day moving average price is $51.38 and its 200-day moving average price is $55.33. Lattice Semiconductor has a 1-year low of $34.69 and a 1-year high of $78.29. The firm has a market capitalization of $6.77 billion, a PE ratio of 111.78, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, research analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its holdings in Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after buying an additional 224 shares in the last quarter. GAMMA Investing LLC boosted its position in Lattice Semiconductor by 27.9% during the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 594 shares during the last quarter. Oak Thistle LLC purchased a new stake in Lattice Semiconductor during the 4th quarter valued at about $804,000. Finally, Park Avenue Securities LLC raised its holdings in Lattice Semiconductor by 19.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 796 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.