TD Cowen Cuts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $50.00

Lattice Semiconductor (NASDAQ:LSCC) had its price target lowered by TD Cowen from $60.00 to $50.00 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other brokerages have also weighed in on LSCC. Needham & Company LLC reissued a “buy” rating and set a $61.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, September 17th. StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, September 17th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $55.05 on Tuesday. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The company has a fifty day moving average price of $50.56 and a 200 day moving average price of $57.13. The stock has a market cap of $7.58 billion, a P/E ratio of 53.45 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.92%. The business had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis. As a group, equities research analysts anticipate that Lattice Semiconductor will post 0.59 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now 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. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several large investors have recently modified their holdings of LSCC. American National Bank & Trust increased its position in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after acquiring 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 worth $46,000 after acquiring an additional 550 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Lattice Semiconductor in the third quarter valued at approximately $53,000. Blue Trust Inc. boosted its holdings in shares of Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 748 shares in the last quarter. Finally, Davidson Capital Management Inc. acquired a new stake in shares of Lattice Semiconductor during the first quarter valued at about $78,000. 98.08% of the stock is owned by institutional investors.

About Lattice Semiconductor

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.