Rosenblatt Securities Reaffirms "Buy" Rating for Lattice Semiconductor (NASDAQ:LSCC)

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Rosenblatt Securities in a research note issued to investors on Monday, Benzinga reports. They presently have a $85.00 price target on the semiconductor company's stock. Rosenblatt Securities' price target suggests a potential upside of 63.81% from the stock's previous close.

Several other equities analysts have also issued reports on LSCC. Bank of America lowered Lattice Semiconductor from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $83.00 to $47.00 in a research report on Tuesday, July 30th. Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a report on Monday, September 16th. TD Cowen upgraded shares of Lattice Semiconductor to a "strong-buy" rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut their target price on Lattice Semiconductor from $82.00 to $56.00 and set a "buy" rating on the stock in a research note on Tuesday, July 30th. Finally, Needham & Company LLC restated a "buy" rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.08.

Lattice Semiconductor Price Performance

LSCC stock traded down $0.38 on Monday, reaching $51.89. 3,850,550 shares of the company traded hands, compared to its average volume of 2,375,405. The firm has a fifty day simple moving average of $50.06 and a 200-day simple moving average of $57.39. The company has a market cap of $7.15 billion, a P/E ratio of 38.10 and a beta of 1.39. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69.

Insider Buying and Selling at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares of the company's stock, valued at $4,416,771.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares of the company's stock, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in shares of Lattice Semiconductor by 11.5% in the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company's stock valued at $115,000 after purchasing an additional 152 shares during the period. Covestor Ltd lifted its stake in Lattice Semiconductor by 16.1% in the first quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company's stock worth $150,000 after acquiring an additional 266 shares during the period. Swedbank AB grew its holdings in Lattice Semiconductor by 0.6% during the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company's stock worth $3,120,000 after acquiring an additional 300 shares in the last quarter. Tidal Investments LLC increased its position in 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 purchasing an additional 308 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in shares of Lattice Semiconductor by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company's stock valued at $303,000 after purchasing an additional 394 shares in the last quarter. 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.