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

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

A number of other equities analysts have also recently weighed in on LSCC. Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. KeyCorp upped their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Benchmark upped their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Trading Down 4.3 %

Shares of NASDAQ LSCC opened at $61.03 on Tuesday. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $81.53. The company has a market cap of $8.41 billion, a P/E ratio of 138.71, a P/E/G ratio of 3.03 and a beta of 1.43. The stock has a fifty day moving average price of $59.27 and a 200 day moving average price of $55.17.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, sell-side analysts forecast that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 1,096 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at $22,827.10. This represents a 75.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,836 shares of company stock valued at $1,011,570 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

A number of hedge funds have recently modified their holdings of LSCC. UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth $52,000. 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.