Lattice Semiconductor (NASDAQ:LSCC) Price Target Lowered to $44.00 at Robert W. Baird

Lattice Semiconductor (NASDAQ:LSCC) had its target price trimmed by Robert W. Baird from $70.00 to $44.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.

A number of other research firms also recently commented on LSCC. KeyCorp dropped their price target on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, November 4th. Bank of America lowered Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th. TD Cowen lowered 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. Finally, Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Trading Down 0.9 %

LSCC opened at $54.53 on Tuesday. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The stock has a market cap of $7.52 billion, a PE ratio of 52.94 and a beta of 1.39. The business’s 50 day moving average is $50.70 and its 200-day moving average is $57.05.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. As a group, analysts forecast that Lattice Semiconductor will post 0.57 EPS for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares in the company, 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 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors have recently modified their holdings of the stock. Norden Group LLC raised its holdings in shares of Lattice Semiconductor by 43.4% during the first quarter. Norden Group LLC now owns 7,372 shares of the semiconductor company’s stock worth $577,000 after acquiring an additional 2,232 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Lattice Semiconductor by 5.9% during 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 stake 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 in the last quarter. Mediolanum International Funds Ltd acquired a new position in Lattice Semiconductor in the first quarter worth approximately $2,276,000. Finally, Texas Permanent School Fund Corp raised its position in Lattice Semiconductor by 1.3% during 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 in the last quarter. 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.