Lattice Semiconductor (NASDAQ:LSCC) Sets New 12-Month Low – Here’s Why

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) reached a new 52-week low on Friday . The stock traded as low as $40.30 and last traded at $39.90, with a volume of 1326262 shares traded. The stock had previously closed at $43.06.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LSCC shares. Susquehanna upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Stifel Nicolaus lifted their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Benchmark increased their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Loop Capital initiated coverage on shares of Lattice Semiconductor in a report on Friday. They issued a “buy” rating and a $85.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average target price of $67.69.

Lattice Semiconductor Stock Performance

The company has a market cap of $5.37 billion, a price-to-earnings ratio of 88.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The stock’s fifty day moving average is $59.29 and its two-hundred day moving average is $56.62.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, equities research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,740 shares of company stock worth $943,026. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in LSCC. MassMutual Private Wealth & Trust FSB boosted its stake in Lattice Semiconductor by 209.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 410 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Lattice Semiconductor in the fourth quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ increased its position in Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after buying an additional 340 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after buying an additional 370 shares during the last quarter. 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.