Lattice Semiconductor (NASDAQ:LSCC) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a report published on Tuesday,Benzinga reports. They currently have a $70.00 price objective on the semiconductor company’s stock.

Several other equities research analysts also recently commented on LSCC. Raymond James lowered their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. TD Cowen lowered their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. KeyCorp upped their target price on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Benchmark upped their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Price Performance

LSCC opened at $63.39 on Tuesday. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 61.54 and a beta of 1.41. The firm has a 50 day simple moving average of $57.88 and a 200 day simple moving average of $53.07. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

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

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $22,827.10. The trade was a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Lattice Semiconductor by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after purchasing an additional 229,820 shares during the last quarter. Geode Capital Management LLC lifted its stake in Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after acquiring an additional 74,655 shares during the last quarter. TD Asset Management Inc. lifted its stake in Lattice Semiconductor by 9.9% in the fourth quarter. TD Asset Management Inc. now owns 1,810,834 shares of the semiconductor company’s stock valued at $102,584,000 after acquiring an additional 162,546 shares during the last quarter. Norges Bank acquired a new stake in Lattice Semiconductor in the fourth quarter valued at $88,674,000. Finally, TimesSquare Capital Management LLC lifted its stake in Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after acquiring an additional 1,473,154 shares during the last quarter. Institutional investors and hedge funds 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.