Lattice Semiconductor (NASDAQ:LSCC) Given Buy Rating at Needham & Company LLC

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They currently have a $70.00 price target on the semiconductor company's stock. Needham & Company LLC's price objective points to a potential upside of 9.11% from the company's current price.

LSCC has been the topic of a number of other research reports. Stifel Nicolaus lifted 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 Wednesday, December 11th. KeyCorp lifted 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. Deutsche Bank Aktiengesellschaft lowered their target price 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. Susquehanna lifted their price target on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Finally, Raymond James reduced their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $66.25.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock traded up $0.77 on Tuesday, hitting $64.16. 755,646 shares of the company's stock were exchanged, compared to its average volume of 2,221,656. The company has a 50-day simple moving average of $58.00 and a 200-day simple moving average of $53.14. The stock has a market capitalization of $8.85 billion, a PE ratio of 62.10 and a beta of 1.41. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results 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 Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock worth $596,502 in the last three months. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of large investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in Lattice Semiconductor by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock valued at $1,220,487,000 after buying an additional 478,440 shares during the period. Vanguard Group Inc. boosted its position in Lattice Semiconductor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after buying an additional 229,820 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after buying an additional 4,676,100 shares during the period. Geode Capital Management LLC boosted its position in Lattice Semiconductor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock valued at $173,132,000 after buying an additional 74,655 shares during the period. Finally, Capital Research Global Investors boosted its position in Lattice Semiconductor by 10.6% in the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock valued at $127,944,000 after buying an additional 216,617 shares during the period. 98.08% of the stock is owned by hedge funds and other 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.