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

Lattice Semiconductor (NASDAQ:LSCC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

LSCC has been the topic of several other research reports. Robert W. Baird lifted their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Stifel Nicolaus raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen dropped their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Finally, Needham & Company LLC increased their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.58.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $56.36 on Tuesday. The company has a market capitalization of $7.78 billion, a PE ratio of 54.72 and a beta of 1.41. The business’s fifty day moving average is $57.86 and its 200 day moving average is $53.17. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. On average, sell-side analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $105,968.00. Following the completion of the sale, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock worth $596,502 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. American National Bank & Trust boosted its stake 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 period. Hollencrest Capital Management purchased a new position in shares of Lattice Semiconductor during the 3rd quarter worth about $53,000. Brooklyn Investment Group bought a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $89,000. Finally, GAMMA Investing LLC grew its position in Lattice Semiconductor by 257.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 1,534 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.