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

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

LSCC has been the subject of several other research reports. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Raymond James decreased their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus raised their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.58.

Lattice Semiconductor Stock Up 1.6 %

NASDAQ LSCC opened at $56.23 on Tuesday. The firm has a market cap of $7.76 billion, a P/E ratio of 54.59 and a beta of 1.41. The company’s 50 day moving average is $57.86 and its 200-day moving average is $53.17. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. Equities analysts expect that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tidal Investments LLC boosted its holdings in Lattice Semiconductor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after acquiring an additional 224 shares during the period. UMB Bank n.a. lifted its position in Lattice Semiconductor by 67.7% in the fourth 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 during the last quarter. HighTower Advisors LLC boosted its stake in shares of Lattice Semiconductor by 7.3% during the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 348 shares during the period. Empowered Funds LLC grew its holdings in shares of Lattice Semiconductor by 7.5% in the fourth quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 349 shares during the last quarter. Finally, Financial Advocates Investment Management grew its holdings in shares of Lattice Semiconductor by 7.4% in the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other 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.