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

Benchmark reissued their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a report published on Monday morning, Benzinga reports. The firm currently has a $60.00 price target on the semiconductor company’s stock.

A number of other analysts have also commented on the stock. KeyCorp cut their price objective on shares of Lattice Semiconductor from $85.00 to $60.00 and set an overweight rating on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Needham & Company LLC cut their price objective 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. Rosenblatt Securities reissued a buy rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Finally, TD Cowen cut their price objective 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 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 stock. According to data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of Moderate Buy and a consensus target price of $63.08.

Lattice Semiconductor Stock Up 1.7 %

Lattice Semiconductor stock opened at $52.07 on Monday. The stock has a market capitalization of $7.16 billion, a PE ratio of 33.38 and a beta of 1.38. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $87.64. The company has a 50 day moving average of $49.52 and a 200-day moving average of $63.10.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share 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 net margin of 30.26% and a return on equity of 23.39%. The firm’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. Equities analysts anticipate that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Lattice Semiconductor

Several large investors have recently modified their holdings of LSCC. Blue Trust Inc. grew its stake in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 748 shares in the last quarter. Robeco Schweiz AG grew its stake in shares of 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 in the last quarter. US Bancorp DE grew its stake in shares of Lattice Semiconductor by 458.5% in the fourth quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock valued at $1,508,000 after acquiring an additional 17,950 shares in the last quarter. Norden Group LLC grew its stake in shares of Lattice Semiconductor by 1,196.1% in the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock valued at $5,212,000 after acquiring an additional 61,478 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Lattice Semiconductor in the first quarter valued at about $4,186,000. 98.08% of the stock is owned by institutional investors.

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.