Lattice Semiconductor (NASDAQ:LSCC) Price Target Cut to $60.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price cut by KeyCorp from $85.00 to $60.00 in a research note published on Tuesday, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other brokerages also recently issued reports on LSCC. Benchmark reissued a buy rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Thursday, July 18th. Rosenblatt Securities reaffirmed a buy rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Susquehanna dropped their price target on shares of Lattice Semiconductor from $85.00 to $65.00 and set a positive rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lattice Semiconductor from $82.00 to $56.00 and set a buy rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus dropped their price objective on shares of Lattice Semiconductor from $67.00 to $55.00 and set a hold rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor has a consensus rating of Moderate Buy and a consensus price target of $66.55.

Lattice Semiconductor Trading Down 7.0 %

LSCC stock opened at $45.08 on Tuesday. The company has a market cap of $6.21 billion, a P/E ratio of 28.90, a P/E/G ratio of 11.53 and a beta of 1.39. Lattice Semiconductor has a 52 week low of $44.51 and a 52 week high of $98.30. The company’s 50-day moving average price is $60.33 and its 200 day moving average price is $68.37.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) 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 business had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same period last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. On average, equities research 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 Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,210 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $72.97, for a total transaction of $88,293.70. Following the transaction, the senior vice president now directly owns 14,554 shares in the company, valued at approximately $1,062,005.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the transaction, the chief executive officer now directly owns 759,286 shares in the company, valued at approximately $57,037,564.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Jon Nelson sold 1,210 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $72.97, for a total transaction of $88,293.70. Following the completion of the transaction, the senior vice president now owns 14,554 shares in the company, valued at $1,062,005.38. The disclosure for this sale can be found here. Insiders have sold 49,566 shares of company stock worth $3,664,529 in the last ninety days. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Artisan Partners Limited Partnership lifted its position in shares of Lattice Semiconductor by 6.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after buying an additional 611,550 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Lattice Semiconductor by 43.5% in the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after acquiring an additional 1,889,110 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Lattice Semiconductor by 78.7% in the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock worth $195,179,000 after acquiring an additional 1,098,962 shares during the period. Robeco Schweiz AG increased its holdings in shares of Lattice Semiconductor by 9.5% in the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after acquiring an additional 132,000 shares during the period. Finally, Norges Bank acquired a new stake in shares of Lattice Semiconductor in the 4th quarter worth about $98,684,000. 98.08% of the stock is currently 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.