Lattice Semiconductor (NASDAQ:LSCC) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Lattice Semiconductor (NASDAQ:LSCC) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other equities research analysts also recently issued reports on LSCC. Robert W. Baird increased their price target on shares of Lattice Semiconductor from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Stifel Nicolaus increased their target price on shares of Lattice Semiconductor from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $90.00 price target on shares of Lattice Semiconductor in a report on Wednesday, February 4th. Benchmark upped their price target on shares of Lattice Semiconductor from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $80.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $82.38.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $87.54 on Friday. Lattice Semiconductor has a 52-week low of $34.69 and a 52-week high of $89.92. The stock’s 50-day simple moving average is $79.94 and its 200 day simple moving average is $71.13. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 437.72, a price-to-earnings-growth ratio of 3.74 and a beta of 1.70.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 839 shares of Lattice Semiconductor stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $78.09, for a total transaction of $65,517.51. Following the completion of the sale, the senior vice president owned 104,208 shares of the company’s stock, valued at $8,137,602.72. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 9,965 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $73.44, for a total value of $731,829.60. Following the completion of the transaction, the senior vice president owned 61,740 shares of the company’s stock, valued at $4,534,185.60. The trade was a 13.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,512 shares of company stock valued at $1,196,508 over the last ninety days. 1.19% of the stock is currently owned by insiders.

Institutional Trading of Lattice Semiconductor

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,457,389 shares of the semiconductor company’s stock worth $254,433,000 after buying an additional 84,812 shares in the last quarter. Themes Management Co LLC bought a new stake in shares of Lattice Semiconductor in the 4th quarter worth approximately $1,081,000. Clearstead Advisors LLC boosted its stake in shares of Lattice Semiconductor by 97.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,943 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 960 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Lattice Semiconductor by 53.7% during the 4th quarter. Hantz Financial Services Inc. now owns 4,169 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 1,456 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of Lattice Semiconductor by 52.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,125,260 shares of the semiconductor company’s stock valued at $156,377,000 after purchasing an additional 731,568 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.

The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.