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 research report released on Monday morning,Benzinga reports. The firm currently has a $85.00 target price on the semiconductor company’s stock.

LSCC has been the subject of a number of other research reports. Susquehanna boosted their price target on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Needham & Company LLC raised their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $61.52 on Monday. The stock has a 50-day moving average of $57.84 and a 200-day moving average of $53.01. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The company has a market cap of $8.49 billion, a PE ratio of 59.73 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Analysts expect that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the sale, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. This trade represents a 11.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the completion of the transaction, the senior vice president now directly owns 365 shares in the company, valued at $22,827.10. This trade represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,022 shares of company stock worth $596,502. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several large investors have recently modified their holdings of LSCC. UMB Bank n.a. lifted its stake in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor in the fourth quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 340 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in Lattice Semiconductor in the 3rd quarter worth about $53,000. 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.