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

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a report issued on Tuesday, Benzinga reports. They currently have a $61.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 21.25% from the company’s current price.

A number of other research firms have also recently commented on LSCC. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Tuesday. KeyCorp reduced their target price on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Susquehanna decreased their target price on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price target on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, TD Cowen upgraded shares of Lattice Semiconductor to a “strong-buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.08.

Lattice Semiconductor Stock Up 12.3 %

NASDAQ:LSCC opened at $50.31 on Tuesday. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 32.25 and a beta of 1.38. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $87.87. The stock’s 50 day moving average price is $49.88 and its two-hundred day moving average price is $63.37.

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). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue was down 34.7% compared to the same quarter last year. As a group, analysts anticipate that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the 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 transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares in the company, valued at $730,732.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Artisan Partners Limited Partnership grew its stake in Lattice Semiconductor by 6.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after buying an additional 611,550 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Lattice Semiconductor by 43.5% during the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after acquiring an additional 1,889,110 shares during the period. William Blair Investment Management LLC boosted its position in shares of Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares in the last quarter. Clearbridge Investments LLC increased its stake in Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after acquiring an additional 294,290 shares during the last quarter. Finally, Robeco Schweiz AG increased its stake in Lattice Semiconductor by 9.5% in the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after acquiring an additional 132,000 shares during the last quarter. Institutional investors and hedge funds 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.