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

Lattice Semiconductor Co. (NASDAQ:LSCC) shares gapped down prior to trading on Tuesday after Raymond James lowered their price target on the stock from $55.00 to $52.00. The stock had previously closed at $51.89, but opened at $48.91. Raymond James currently has an outperform rating on the stock. Lattice Semiconductor shares last traded at $49.34, with a volume of 2,076,025 shares traded.

Several other research firms have also issued reports on LSCC. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, September 17th. Needham & Company LLC restated a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

Insider Buying and Selling

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 transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lattice Semiconductor 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 transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. This trade 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American National Bank & Trust boosted 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. West Oak Capital LLC grew its holdings in Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 550 shares during the period. Hollencrest Capital Management bought a new stake in Lattice Semiconductor in the third quarter valued at approximately $53,000. Blue Trust Inc. raised its holdings in Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after buying an additional 407 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

The stock has a 50-day moving average price of $50.40 and a 200 day moving average price of $57.15. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 52.59 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.92% and a net margin of 25.48%. The business’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Sell-side analysts expect 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.