Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Down on Analyst Downgrade

Lattice Semiconductor Co. (NASDAQ:LSCC) gapped down prior to trading on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $56.00 to $50.00. The stock had previously closed at $51.89, but opened at $48.91. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Lattice Semiconductor shares last traded at $49.34, with a volume of 2,076,025 shares.

LSCC has been the topic of a number of other reports. KeyCorp lowered their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. 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 report on Tuesday. Susquehanna cut their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $58.25.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction 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 owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. This 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 the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. 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 owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of institutional investors have recently bought and sold shares of the stock. Entropy Technologies LP grew its holdings in Lattice Semiconductor by 5.6% during the 3rd quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company’s stock valued at $435,000 after purchasing an additional 434 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $2,674,000. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor in the third quarter worth approximately $53,000. Harbor Capital Advisors Inc. lifted its stake in shares of Lattice Semiconductor by 323.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 61,234 shares of the semiconductor company’s stock worth $3,250,000 after acquiring an additional 46,768 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Lattice Semiconductor by 9.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 202,474 shares of the semiconductor company’s stock valued at $10,745,000 after acquiring an additional 18,320 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Trading Down 4.3 %

The company has a market cap of $6.84 billion, a P/E ratio of 37.51 and a beta of 1.39. The company has a 50-day simple moving average of $50.15 and a 200 day simple 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 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm’s revenue was down 33.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. On average, equities analysts forecast that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

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.