Lattice Semiconductor (NASDAQ:LSCC) Trading Down 3.3%

Lattice Semiconductor Co. (NASDAQ:LSCC)’s share price dropped 3.3% during mid-day trading on Thursday . The company traded as low as $43.09 and last traded at $43.33. Approximately 51,814 shares were traded during trading, a decline of 98% from the average daily volume of 2,354,905 shares. The stock had previously closed at $44.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Susquehanna decreased their price objective on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Stifel Nicolaus reduced their target price on shares of Lattice Semiconductor from $67.00 to $55.00 and set a “hold” rating on the stock in a research note on Tuesday, July 30th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.17.

Lattice Semiconductor Price Performance

The company’s 50-day simple moving average is $50.11 and its 200-day simple moving average is $63.70. The stock has a market capitalization of $6.17 billion, a P/E ratio of 28.71 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue was down 34.7% compared to the same quarter last year. On average, analysts forecast that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s 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 completion of the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several large investors have recently bought and sold shares of LSCC. Rise Advisors LLC bought a new stake in shares of Lattice Semiconductor during the 1st quarter worth $30,000. American National Bank bought a new stake in shares of Lattice Semiconductor during the 4th quarter worth $28,000. Principal Securities Inc. bought a new stake in Lattice Semiconductor in the 4th quarter valued at about $31,000. GAMMA Investing LLC raised its stake in Lattice Semiconductor by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 333 shares during the period. Finally, West Oak Capital LLC raised its stake in Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 550 shares during the period. 98.08% of the stock is currently owned by 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.