Lattice Semiconductor (NASDAQ:LSCC) Stock Rating Lowered by StockNews.com

Lattice Semiconductor (NASDAQ:LSCC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other analysts have also recently commented on LSCC. KeyCorp boosted their price target on Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Needham & Company LLC upped their price target on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Susquehanna lifted their price objective on Lattice Semiconductor from $55.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Robert W. Baird lifted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Stock Up 1.6 %

Shares of Lattice Semiconductor stock traded up $0.89 on Tuesday, reaching $56.23. The company’s stock had a trading volume of 2,314,050 shares, compared to its average volume of 1,919,874. The company has a market capitalization of $7.76 billion, a P/E ratio of 54.59 and a beta of 1.41. The stock has a 50-day moving average price of $57.86 and a 200-day moving average price of $53.17. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Sell-side analysts forecast that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock worth $596,502 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC grew its position in shares of Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after buying an additional 294,290 shares in the last quarter. Barclays PLC increased its position in shares of Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at $49,297,000. Charles Schwab Investment Management Inc. lifted its position in shares of Lattice Semiconductor by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock worth $48,287,000 after purchasing an additional 22,770 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in shares of Lattice Semiconductor by 12.6% during the fourth quarter. Stephens Investment Management Group LLC now owns 878,367 shares of the semiconductor company’s stock worth $49,759,000 after purchasing an additional 98,096 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

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.