Lattice Semiconductor (NASDAQ:LSCC) Price Target Cut to $50.00 by Analysts at TD Cowen

Lattice Semiconductor (NASDAQ:LSCC) had its price objective cut by TD Cowen from $60.00 to $50.00 in a report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently weighed in on LSCC. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Thursday, August 8th. Susquehanna lowered their target price on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Trading Down 1.4 %

Shares of LSCC stock opened at $51.18 on Tuesday. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The stock has a 50 day moving average of $50.24 and a 200 day moving average of $57.17. The stock has a market cap of $7.05 billion, a P/E ratio of 37.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $127.05 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. On average, research analysts predict that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

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 transaction of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors have recently modified their holdings of the company. Norden Group LLC lifted its holdings in Lattice Semiconductor by 43.4% during the 1st quarter. Norden Group LLC now owns 7,372 shares of the semiconductor company’s stock worth $577,000 after buying an additional 2,232 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Lattice Semiconductor by 5.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the semiconductor company’s stock valued at $704,000 after buying an additional 500 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Lattice Semiconductor by 159.6% in the 1st quarter. Larson Financial Group LLC now owns 2,300 shares of the semiconductor company’s stock valued at $180,000 after buying an additional 1,414 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in Lattice Semiconductor during the 1st quarter worth $2,276,000. Finally, Texas Permanent School Fund Corp lifted its position in Lattice Semiconductor by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 120,801 shares of the semiconductor company’s stock valued at $9,450,000 after acquiring an additional 1,565 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.