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

StockNews.com cut shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a sell rating in a research note published on Saturday morning.

Several other equities analysts also recently issued reports on the company. Needham & Company LLC cut their target price on Lattice Semiconductor from $80.00 to $61.00 and set a buy rating on the stock in a research report on Tuesday, July 30th. Bank of America lowered Lattice Semiconductor from a neutral rating to an underperform rating and lowered their price objective for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. Susquehanna cut their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a positive rating for the company in a research report on Tuesday, July 30th. KeyCorp cut their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an overweight rating on the stock in a research report on Tuesday, July 30th. Finally, TD Cowen decreased their price objective on Lattice Semiconductor from $80.00 to $60.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of Moderate Buy and an average price target of $66.55.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $43.75 on Friday. The company has a market capitalization of $6.02 billion, a P/E ratio of 28.04, a P/E/G ratio of 12.19 and a beta of 1.39. The company has a fifty day moving average of $59.01 and a 200 day moving average of $68.08. Lattice Semiconductor has a fifty-two week low of $41.65 and a fifty-two week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm’s revenue for the quarter was down 34.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. Analysts forecast that Lattice Semiconductor will post 0.59 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In other news, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the sale, the director now owns 1,920 shares in the company, valued at approximately $132,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Robert Anderson sold 30,000 shares of the company’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 approximately $57,037,564.32. The disclosure for this sale can be found here. Insiders sold a total of 49,566 shares of company stock valued at $3,664,529 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in LSCC. Van ECK Associates Corp increased its holdings in Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares in the last quarter. Rise Advisors LLC bought a new stake in Lattice Semiconductor in the 1st quarter valued at $30,000. American National Bank acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $28,000. GAMMA Investing LLC acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth $28,000. Finally, Principal Securities Inc. bought a new position in Lattice Semiconductor in the fourth quarter valued at approximately $31,000. Institutional investors 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.