1 day Ago By Defense World Staff
Lattice Semiconductor ( NASDAQ:LSCC – Get Free Report ) ‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a note issued to investors on Monday, Benzinga reports. They presently have a $60.00 price objective on the semiconductor company’s stock.
Benchmark’s target price suggests a potential upside of 17.14% from the company’s current price. Other research analysts also recently issued research reports about the stock.
Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Bank of America downgraded shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $83.
00 to $47.00 in a research note on Tuesday, July 30th. Needham & Company LLC lowered their price target on Lattice Semiconductor from $80.
00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. KeyCorp decreased their target price on Lattice Semiconductor from $85.
00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, StockNews.
com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.08. View Our Latest Stock Report on Lattice Semiconductor Lattice Semiconductor Trading Up 1.
8 % Lattice Semiconductor ( NASDAQ:LSCC – Get Free Report ) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
24 by ($0.01). The business had revenue of $124.
08 million for the quarter, compared to the consensus estimate of $130.17 million. Lattice Semiconductor had a return on equity of 23.
39% and a net margin of 30.26%. Lattice Semiconductor’s revenue was down 34.
7% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share.
As a group, equities analysts forecast that Lattice Semiconductor will post 0.59 EPS for the current fiscal year. Insider Buying and Selling at Lattice Semiconductor In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th.
The shares were sold at an average price of $48.98, for a total transaction of $60,343.36.
Following the completion of the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link .
In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.
36. Following the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on Tuesday, August 20th.
The shares were sold at an average price of $48.89, for a total value of $1,008,698.48.
Following the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The disclosure for this sale can be found here .
1.80% of the stock is owned by insiders. Institutional Investors Weigh In On Lattice Semiconductor A number of large investors have recently modified their holdings of the business.
Clearbridge Investments LLC raised its position in shares of Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after purchasing an additional 294,290 shares during the last quarter.
Ariadne Wealth Management LP purchased a new position in shares of Lattice Semiconductor in the second quarter worth $2,090,000. Cetera Investment Advisers lifted its stake in shares of Lattice Semiconductor by 280.3% during the second quarter.
Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock worth $1,041,000 after buying an additional 13,236 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Lattice Semiconductor by 27.0% during the second quarter.
Mackenzie Financial Corp now owns 34,292 shares of the semiconductor company’s stock valued at $1,989,000 after buying an additional 7,291 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new position in shares of Lattice Semiconductor in the 2nd quarter valued at $565,000. Hedge funds and other institutional investors own 98.
08% of the company’s stock. About Lattice Semiconductor ( Get Free Report ) 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. See Also Five stocks we like better than Lattice Semiconductor Investing In Automotive Stocks Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge 3 Best Fintech Stocks for a Portfolio Boost Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter .
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