Lattice Semiconductor (NASDAQ:LSCC – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a report issued on Tuesday,Benzinga reports. They currently have a $175.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 37.60% from the company’s current price.
LSCC has been the topic of several other research reports. Needham & Company LLC boosted their price objective on shares of Lattice Semiconductor from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. KeyCorp increased their target price on shares of Lattice Semiconductor from $125.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Zacks Research downgraded Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Jefferies Financial Group boosted their price target on Lattice Semiconductor from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Robert W. Baird upped their price target on Lattice Semiconductor from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average price target of $132.29.
Check Out Our Latest Stock Analysis on LSCC
Lattice Semiconductor Trading Up 2.3%
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $170.90 million during the quarter, compared to the consensus estimate of $164.93 million. Lattice Semiconductor had a net margin of 3.46% and a return on equity of 8.48%. The business’s revenue was up 42.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. Equities research analysts anticipate that Lattice Semiconductor will post 1.02 EPS for the current fiscal year.
Insider Buying and Selling
In other Lattice Semiconductor news, Director James P. Lederer sold 6,101 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $153.94, for a total transaction of $939,187.94. Following the completion of the transaction, the director directly owned 41,201 shares in the company, valued at $6,342,481.94. This represents a 12.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elizabeth M. Schwarting sold 3,200 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $124.53, for a total transaction of $398,496.00. Following the completion of the sale, the director owned 6,636 shares in the company, valued at $826,381.08. This represents a 32.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,080 shares of company stock worth $2,045,078 in the last quarter. Corporate insiders own 0.62% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of LSCC. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Lattice Semiconductor during the 4th quarter worth about $8,344,000. TimesSquare Capital Management LLC grew its position in shares of Lattice Semiconductor by 3.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,474,949 shares of the semiconductor company’s stock worth $108,527,000 after buying an additional 49,001 shares during the period. Stephens Investment Management Group LLC raised its stake in shares of Lattice Semiconductor by 10.1% during the fourth quarter. Stephens Investment Management Group LLC now owns 883,165 shares of the semiconductor company’s stock worth $64,983,000 after buying an additional 81,023 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Lattice Semiconductor by 33.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 282,253 shares of the semiconductor company’s stock valued at $20,768,000 after buying an additional 71,401 shares during the period. Finally, Tensor Edge Capital LLC bought a new position in Lattice Semiconductor in the fourth quarter valued at approximately $8,830,000. Institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Company Profile
Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.
The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.
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