Lattice Semiconductor (NASDAQ:LSCC) Cut to Sell at StockNews.com

StockNews.com lowered shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a sell rating in a research note released on Tuesday.

A number of other research analysts have also issued reports on the stock. Raymond James lowered their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC lifted their price objective on Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird boosted their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Finally, Stifel Nicolaus upped their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Two equities research 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $56.73 on Tuesday. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The company’s fifty day moving average price is $57.98 and its two-hundred day moving average price is $53.19. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 55.08 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,022 shares of company stock valued at $596,502. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently added to or reduced their stakes in LSCC. Peregrine Investment Management Inc. acquired a new stake in shares of Lattice Semiconductor during the fourth quarter worth approximately $7,689,000. Rhumbline Advisers increased its holdings in Lattice Semiconductor by 1.9% during the 4th quarter. Rhumbline Advisers now owns 398,152 shares of the semiconductor company’s stock valued at $22,555,000 after purchasing an additional 7,610 shares in the last quarter. Van ECK Associates Corp raised its position in Lattice Semiconductor by 2,000.1% in the 4th quarter. Van ECK Associates Corp now owns 157,316 shares of the semiconductor company’s stock valued at $8,912,000 after purchasing an additional 149,825 shares during the last quarter. Values First Advisors Inc. boosted its stake in Lattice Semiconductor by 84.4% in the fourth quarter. Values First Advisors Inc. now owns 8,957 shares of the semiconductor company’s stock worth $507,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of 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 worth $49,759,000 after purchasing an additional 98,096 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Company Profile

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.