Lattice Semiconductor (NASDAQ:LSCC) PT Lowered to $55.00 at Stifel Nicolaus

Lattice Semiconductor (NASDAQ:LSCC) had its price objective cut by Stifel Nicolaus from $67.00 to $55.00 in a report released on Tuesday morning, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

Other equities research analysts have also issued research reports about the company. Bank of America lowered Lattice Semiconductor from a neutral rating to an underperform rating and lowered their price objective for the company from $83.00 to $47.00 in a report on Tuesday. Needham & Company LLC reduced their price target on shares of Lattice Semiconductor from $80.00 to $61.00 and set a buy rating for the company in a research report on Tuesday. StockNews.com raised Lattice Semiconductor from a sell rating to a hold rating in a report on Friday, July 26th. Robert W. Baird upped their target price on Lattice Semiconductor from $60.00 to $70.00 and gave the company an outperform rating in a report on Tuesday, April 30th. Finally, Susquehanna dropped their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a positive rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $66.55.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $48.45 on Tuesday. Lattice Semiconductor has a 1 year low of $47.58 and a 1 year high of $98.30. The company’s fifty day moving average is $60.96 and its two-hundred day moving average is $68.51. The company has a market capitalization of $6.67 billion, a P/E ratio of 31.06, a PEG ratio of 11.53 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was down 34.7% compared to the same quarter last year. As a group, equities analysts expect that Lattice Semiconductor will post 0.68 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at approximately $132,864. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Lattice Semiconductor news, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the transaction, the chief executive officer now owns 759,286 shares in the company, valued at $57,037,564.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares of the company’s stock, valued at approximately $132,864. The disclosure for this sale can be found here. Insiders have sold a total of 49,566 shares of company stock worth $3,664,529 in the last quarter. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds have recently bought and sold shares of LSCC. Assenagon Asset Management S.A. increased its stake in Lattice Semiconductor by 770.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 48,019 shares of the semiconductor company’s stock valued at $3,313,000 after purchasing an additional 42,503 shares during the last quarter. Blue Trust Inc. boosted its stake in Lattice Semiconductor by 129.4% in the fourth quarter. Blue Trust Inc. now owns 601 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 339 shares during the period. Drive Wealth Management LLC bought a new stake in Lattice Semiconductor in the fourth quarter valued at $495,000. State of Michigan Retirement System lifted its position in Lattice Semiconductor by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock valued at $2,288,000 after purchasing an additional 200 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Lattice Semiconductor by 0.9% during the 4th quarter. Arizona State Retirement System now owns 37,883 shares of the semiconductor company’s stock valued at $2,614,000 after purchasing an additional 330 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.