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

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

Other analysts have also recently issued research reports about the company. Robert W. Baird increased their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. KeyCorp increased their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Benchmark boosted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Stock Down 1.1 %

Shares of NASDAQ:LSCC opened at $57.98 on Tuesday. The firm has a market capitalization of $7.99 billion, a PE ratio of 131.78, a P/E/G ratio of 3.03 and a beta of 1.43. The company has a 50-day moving average price of $59.39 and a two-hundred day moving average price of $55.29. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock valued at $943,026 over the last 90 days. 1.19% of the stock is owned by insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 340 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 370 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor in the fourth quarter worth about $52,000. 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.