Lattice Semiconductor (NASDAQ:LSCC) Rating Reiterated by Needham & Company LLC

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a research report issued on Tuesday, Benzinga reports. They currently have a $80.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 25.22% from the company’s previous close.

Several other analysts have also commented on LSCC. Jefferies Financial Group reissued a “buy” rating and set a $88.00 price target (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Stifel Nicolaus decreased their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Bank of America increased their price objective on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Finally, Benchmark increased their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.09.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $63.89 on Tuesday. Lattice Semiconductor has a 1 year low of $51.96 and a 1 year high of $98.30. The firm’s 50-day moving average is $72.59 and its two-hundred day moving average is $70.26. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 13.65 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company had revenue of $140.82 million for the quarter, compared to analysts’ expectations of $140.08 million. On average, equities analysts expect that Lattice Semiconductor will post 0.68 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the sale, the director now owns 1,920 shares of the company’s stock, valued at approximately $132,864. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the sale, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the sale, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The disclosure for this sale can be found here. Insiders have sold 49,566 shares of company stock valued at $3,664,529 in the last 90 days. 1.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of large investors have recently modified their holdings of LSCC. DekaBank Deutsche Girozentrale boosted its position in shares of Lattice Semiconductor by 131.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company’s stock valued at $35,265,000 after acquiring an additional 253,788 shares during the last quarter. Swedbank AB acquired a new position in shares of Lattice Semiconductor during the 1st quarter valued at about $4,186,000. Virtu Financial LLC acquired a new position in shares of Lattice Semiconductor during the 1st quarter valued at about $754,000. Rokos Capital Management LLP boosted its position in shares of Lattice Semiconductor by 1,592.8% during the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after acquiring an additional 1,141,230 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Lattice Semiconductor by 10.2% during the 1st quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 308 shares during the last quarter. Hedge funds and other institutional investors 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.