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

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

Several other equities analysts also recently weighed in on LSCC. Jefferies Financial Group reissued a buy rating and set a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Susquehanna lifted their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a positive rating in a research report on Tuesday, April 30th. Benchmark reaffirmed a buy rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Thursday. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. 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, June 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $82.09.

Lattice Semiconductor Trading Down 3.2 %

Shares of NASDAQ LSCC opened at $56.23 on Thursday. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 12.23 and a beta of 1.39. The company’s 50-day moving average price is $64.36 and its 200 day moving average price is $69.28. Lattice Semiconductor has a 52 week low of $51.96 and a 52 week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The business had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. As a group, research analysts expect that Lattice Semiconductor will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Glenn O’rourke sold 1,241 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total transaction of $92,504.14. Following the completion of the sale, the senior vice president now directly owns 12,084 shares in the company, valued at approximately $900,741.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Mark Jon Nelson sold 1,210 shares of Lattice Semiconductor stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $72.97, for a total value of $88,293.70. Following the transaction, the senior vice president now directly owns 14,554 shares of the company’s stock, valued at approximately $1,062,005.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Glenn O’rourke sold 1,241 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total transaction of $92,504.14. Following the sale, the senior vice president now directly owns 12,084 shares of the company’s stock, valued at approximately $900,741.36. The disclosure for this sale can be found here. Insiders have sold a total of 49,566 shares of company stock valued at $3,664,529 over the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors have recently bought and sold shares of LSCC. Van ECK Associates Corp lifted its holdings in shares of Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Lattice Semiconductor during the first quarter worth about $30,000. American National Bank purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth about $28,000. GAMMA Investing LLC acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $28,000. Finally, Principal Securities Inc. purchased a new stake in shares of Lattice Semiconductor during the 4th quarter valued at about $31,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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.