Lattice Semiconductor (NASDAQ:LSCC) Trading Down 3.7% – Here’s Why

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) dropped 3.7% during mid-day trading on Friday . The stock traded as low as $57.23 and last traded at $57.28. Approximately 244,019 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,659,579 shares. The stock had previously closed at $59.50.

Analyst Upgrades and Downgrades

LSCC has been the subject of several recent research reports. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Susquehanna raised their price target on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday. TD Cowen decreased their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Finally, Stifel Nicolaus upped their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Trading Down 3.8 %

The company has a market cap of $7.90 billion, a price-to-earnings ratio of 55.59 and a beta of 1.41. The stock’s fifty day simple moving average is $57.61 and its 200 day simple moving average is $53.28.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was down 33.9% compared to the same quarter last year. On average, analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares in the company, valued at $827,039.68. The trade was a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock valued at $596,502 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of Lattice Semiconductor by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 162,530 shares of the semiconductor company’s stock valued at $9,425,000 after acquiring an additional 10,701 shares during the period. Dimensional Fund Advisors LP increased its holdings in Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares during the last quarter. ProShare Advisors LLC raised its position in Lattice Semiconductor by 8.9% in the second quarter. ProShare Advisors LLC now owns 25,563 shares of the semiconductor company’s stock valued at $1,482,000 after purchasing an additional 2,080 shares during the period. Bank of Montreal Can lifted its stake in Lattice Semiconductor by 141.5% during the second quarter. Bank of Montreal Can now owns 39,279 shares of the semiconductor company’s stock worth $2,354,000 after purchasing an additional 23,016 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Lattice Semiconductor by 60.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,358 shares of the semiconductor company’s stock worth $1,528,000 after buying an additional 9,891 shares during the period. Institutional investors and hedge funds 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.