Needham & Company LLC Reaffirms “Buy” Rating for Lattice Semiconductor (NASDAQ:LSCC)

Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports. They presently have a $70.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s target price points to a potential upside of 13.78% from the company’s current price.

Other research analysts have also issued reports about the company. Raymond James dropped their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. KeyCorp upped their target price on Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen lowered their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One equities 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $61.52 on Tuesday. The company has a market cap of $8.49 billion, a P/E ratio of 59.73 and a beta of 1.41. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm’s 50 day simple moving average is $57.84 and its 200-day simple moving average is $53.01.

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

Insider Activity

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,022 shares of company stock worth $596,502. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Several large investors have recently modified their holdings of LSCC. Vanguard Group Inc. lifted its position in Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after acquiring an additional 229,820 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 worth $173,132,000 after purchasing an additional 74,655 shares during the period. TD Asset Management Inc. lifted its position in shares of Lattice Semiconductor by 9.9% during the 4th quarter. TD Asset Management Inc. now owns 1,810,834 shares of the semiconductor company’s stock worth $102,584,000 after purchasing an additional 162,546 shares during the last quarter. Norges Bank bought a new stake in Lattice Semiconductor during the 4th quarter valued at approximately $88,674,000. Finally, TimesSquare Capital Management LLC grew its holdings in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after buying an additional 1,473,154 shares during the last quarter. 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.