Lattice Semiconductor (NASDAQ:LSCC) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a sell rating in a research note released on Tuesday.

A number of other equities research analysts also recently commented on the company. Raymond James dropped their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird lifted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.58.

Lattice Semiconductor Trading Up 0.7 %

Lattice Semiconductor stock opened at $56.73 on Tuesday. The company has a market cap of $7.83 billion, a PE ratio of 55.08 and a beta of 1.41. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The company’s 50-day moving average is $57.98 and its two-hundred day moving average is $53.19.

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

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total transaction of $68,543.84. Following the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at $22,827.10. The trade was a 75.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 over the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LSCC. UMB Bank n.a. raised its stake in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares in the last quarter. American National Bank & Trust increased its holdings 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 buying an additional 709 shares during the last quarter. Hollencrest Capital Management bought a new stake in Lattice Semiconductor during the third quarter worth $53,000. Brooklyn Investment Group acquired a new stake in Lattice Semiconductor in the third quarter valued at $89,000. Finally, GAMMA Investing LLC grew its position in shares of Lattice Semiconductor by 257.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 1,534 shares during the period. 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.