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

Lattice Semiconductor (NASDAQ:LSCC) had its price objective reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $56.00 to $50.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential downside of 0.16% from the company’s current price.

A number of other research firms also recently weighed in on LSCC. Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Monday, September 16th. Robert W. Baird decreased their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday. Susquehanna decreased their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $58.25.

Lattice Semiconductor Trading Down 3.5 %

LSCC stock traded down $1.81 during mid-day trading on Tuesday, hitting $50.08. The stock had a trading volume of 1,736,582 shares, compared to its average volume of 2,372,828. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The firm has a market capitalization of $6.90 billion, a P/E ratio of 37.51 and a beta of 1.39. The firm has a fifty day simple moving average of $50.15 and a 200 day simple moving average of $57.27.

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. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was down 33.9% compared to the same quarter last year. As a group, equities analysts expect that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Lattice Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rokos Capital Management LLP raised its position in shares of Lattice Semiconductor by 1,592.8% in the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after purchasing an additional 1,141,230 shares during the last quarter. William Blair Investment Management LLC raised its position in Lattice Semiconductor by 78.7% in the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock worth $195,179,000 after buying an additional 1,098,962 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after buying an additional 426,511 shares during the last quarter. Clearbridge Investments LLC raised its position in Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after buying an additional 294,290 shares during the last quarter. Finally, TD Asset Management Inc raised its position in Lattice Semiconductor by 34.8% in the 1st quarter. TD Asset Management Inc now owns 993,346 shares of the semiconductor company’s stock worth $77,709,000 after buying an additional 256,405 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.