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

StockNews.com lowered shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a sell rating in a research report sent to investors on Friday.

Several other analysts also recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp lifted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Robert W. Baird lifted their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Price Performance

LSCC opened at $62.34 on Friday. The business has a fifty day simple moving average of $58.93 and a 200 day simple moving average of $54.40. The company has a market capitalization of $8.59 billion, a PE ratio of 141.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released 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%. Equities analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The sale 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 company’s stock in a transaction dated 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 in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,686 shares of company stock valued at $1,118,722 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. boosted 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 purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Lattice Semiconductor in the fourth quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Lattice Semiconductor by 88.1% in 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. bought a new position in Lattice Semiconductor in the fourth quarter worth approximately $52,000. 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.