Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCC) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $56.00 to $50.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 7.70% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Susquehanna dropped their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a research 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. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $54.17 on Tuesday. The firm’s 50 day moving average price is $50.40 and its 200-day moving average price is $57.15. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The stock has a market cap of $7.46 billion, a P/E ratio of 52.59 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (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 company had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same period in the previous year, the firm posted $0.41 EPS. Lattice Semiconductor’s revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, equities analysts expect that Lattice Semiconductor will post 0.59 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction dated 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its holdings in shares of Lattice Semiconductor by 11.5% in the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 152 shares during the period. Covestor Ltd lifted its holdings in shares of Lattice Semiconductor by 16.1% in the 1st quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock worth $150,000 after buying an additional 266 shares during the period. Swedbank AB grew its position in shares of Lattice Semiconductor by 0.6% during the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after buying an additional 300 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Lattice Semiconductor by 10.2% during the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 308 shares during the period. Finally, Financial Advocates Investment Management increased its stake in shares of Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock valued at $303,000 after buying an additional 394 shares during the period. 98.08% of the stock is currently 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.