Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCC) had its price target dropped by research analysts at Deutsche Bank Aktiengesellschaft from $56.00 to $50.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 0.16% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Monday, September 16th. TD Cowen decreased their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday. Bank of America cut 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. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Finally, Susquehanna decreased their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.25.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded down $1.81 during mid-day trading on Tuesday, reaching $50.08. 1,736,582 shares of the company traded hands, compared to its average volume of 2,372,828. The company’s 50 day moving average price is $50.15 and its 200-day moving average price is $57.27. The firm has a market cap of $6.90 billion, a PE ratio of 37.51 and a beta of 1.39. 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 results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was down 33.9% compared to the same quarter last year. On average, research analysts predict that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor 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 completion of the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lattice Semiconductor news, 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 value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares in the company, valued at $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. American National Bank & Trust boosted its position in shares of Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC raised its holdings in shares of Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor in the third quarter valued at $53,000. Blue Trust Inc. grew its position in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares during the period. Finally, Davidson Capital Management Inc. purchased a new stake in Lattice Semiconductor during the first quarter valued at about $78,000. 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.