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

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

A number of other research analysts also recently issued reports on LSCC. Stifel Nicolaus boosted their target price 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. Raymond James dropped their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. Finally, Susquehanna raised their price objective on Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Lattice Semiconductor Trading Up 1.6 %

Shares of Lattice Semiconductor stock opened at $56.23 on Tuesday. The business has a 50-day moving average price of $57.86 and a two-hundred day moving average price of $53.17. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69. The company has a market cap of $7.76 billion, a P/E ratio of 54.59 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was down 33.9% on a year-over-year basis. Equities research analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Activity

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock worth $596,502 over the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Large investors have recently made changes to their positions in the business. Stephens Investment Management Group LLC grew its position in Lattice Semiconductor by 12.6% during the fourth quarter. Stephens Investment Management Group LLC now owns 878,367 shares of the semiconductor company’s stock valued at $49,759,000 after buying an additional 98,096 shares during the period. Empowered Funds LLC grew its position in shares of Lattice Semiconductor by 7.5% during the 4th quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company’s stock valued at $284,000 after acquiring an additional 349 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Lattice Semiconductor by 4.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,719 shares of the semiconductor company’s stock worth $947,000 after purchasing an additional 703 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Lattice Semiconductor by 13.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,007 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 1,064 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Lattice Semiconductor by 11.6% in the fourth quarter. Pacer Advisors Inc. now owns 51,712 shares of the semiconductor company’s stock valued at $2,929,000 after purchasing an additional 5,384 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other 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.