Raymond James Cuts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $52.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective decreased by analysts at Raymond James from $55.00 to $52.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Raymond James’ target price points to a potential upside of 1.70% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a research report on Monday, September 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. TD Cowen reduced their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Stock Down 1.5 %

Lattice Semiconductor stock traded down $0.76 during mid-day trading on Tuesday, reaching $51.13. The company had a trading volume of 6,550,982 shares, compared to its average volume of 2,395,325. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 37.68 and a beta of 1.39. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The company has a 50 day moving average of $50.15 and a 200-day moving average of $57.27.

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 analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The business’s revenue was down 33.9% compared to the same quarter last year. On average, analysts predict that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Mark Jon Nelson sold 1,232 shares of the business’s 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 transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 owns 90,341 shares in the company, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several large investors have recently made changes to their positions in LSCC. American National Bank & Trust boosted its stake in Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC lifted 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 valued at $46,000 after purchasing an additional 550 shares in the last quarter. Hollencrest Capital Management acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at approximately $53,000. Blue Trust Inc. grew its position in 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 in the last quarter. Finally, Davidson Capital Management Inc. acquired a new stake in shares of Lattice Semiconductor in the first quarter valued at about $78,000. Institutional investors own 98.08% of the company’s stock.

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.