Lattice Semiconductor (NASDAQ:LSCC) Shares Down 3.1% – Here’s Why

Lattice Semiconductor Co. (NASDAQ:LSCC) shares fell 3.1% during mid-day trading on Wednesday . The stock traded as low as $51.01 and last traded at $51.28. 2,134,434 shares were traded during trading, a decline of 10% from the average session volume of 2,373,985 shares. The stock had previously closed at $52.92.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, February 10th. Benchmark upped their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Trading Down 3.2 %

The stock’s 50 day moving average price is $60.17 and its 200 day moving average price is $56.80. The firm has a market cap of $7.05 billion, a PE ratio of 116.41, a P/E/G ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data 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%. Analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on 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 directly owns 83,289 shares in the company, valued at $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,740 shares of company stock worth $943,026 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its position in Lattice Semiconductor by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock worth $1,220,487,000 after buying an additional 478,440 shares during the last quarter. Vanguard Group Inc. increased its stake in Lattice Semiconductor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after purchasing an additional 229,820 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after buying an additional 4,676,100 shares during the period. Geode Capital Management LLC lifted its stake in Lattice Semiconductor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after buying an additional 74,655 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Lattice Semiconductor by 10.6% in the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock worth $127,944,000 after buying an additional 216,617 shares during the period. 98.08% of the stock is owned by 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.