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

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

A number of other analysts have also recently commented on the company. Needham & Company LLC upped their price target on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Raymond James dropped their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Susquehanna boosted their price objective on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Robert W. Baird increased their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, TD Cowen decreased their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.58.

Lattice Semiconductor Stock Up 0.2 %

Shares of NASDAQ:LSCC opened at $56.36 on Tuesday. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69. The company’s 50-day moving average price is $57.86 and its two-hundred day moving average price is $53.17. The firm has a market cap of $7.78 billion, a P/E ratio of 54.72 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter last year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. As a group, equities analysts predict that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the transaction, the senior vice president now directly owns 14,279 shares in the company, valued at approximately $827,039.68. This represents a 11.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the transaction, the senior vice president now owns 365 shares in the company, valued at approximately $22,827.10. This trade represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Lattice Semiconductor by 67.7% during 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 period. American National Bank & Trust lifted its position in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after buying an additional 709 shares in the last quarter. Hollencrest Capital Management bought a new stake in Lattice Semiconductor during the third quarter worth $53,000. Brooklyn Investment Group purchased a new position in shares of Lattice Semiconductor in the 3rd quarter worth about $89,000. Finally, GAMMA Investing LLC grew its position in shares of Lattice Semiconductor by 257.8% during 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 period. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.