Lattice Semiconductor (NASDAQ:LSCC) Given New $56.00 Price Target at Deutsche Bank Aktiengesellschaft

Lattice Semiconductor (NASDAQ:LSCC) had its target price decreased by equities research analysts at Deutsche Bank Aktiengesellschaft from $82.00 to $56.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 10.80% from the stock’s previous close.

A number of other research analysts have also recently weighed in on LSCC. TD Cowen dropped their price objective on shares of Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday. Needham & Company LLC lowered their target price on shares of Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday. Susquehanna dropped their price target on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research note on Tuesday. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $83.00 to $47.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.55.

Lattice Semiconductor Price Performance

Shares of LSCC traded down $4.42 during midday trading on Tuesday, reaching $50.54. 6,416,182 shares of the stock were exchanged, compared to its average volume of 2,193,573. The business’s 50-day moving average price is $62.41 and its 200 day moving average price is $68.87. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 11.98 and a beta of 1.39. Lattice Semiconductor has a twelve month low of $47.58 and a twelve month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The firm had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. During the same period in the prior year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was down 34.7% on a year-over-year basis. As a group, equities research analysts expect that Lattice Semiconductor will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, CEO James Robert Anderson sold 30,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 759,286 shares in the company, valued at $57,037,564.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 16,465 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total value of $1,185,150.70. Following the completion of the sale, the chief financial officer now owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The sale was disclosed in a legal 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 business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,566 shares of company stock valued at $3,664,529. Corporate 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 grew its stake in Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Lattice Semiconductor during the fourth quarter worth approximately $28,000. American National Bank acquired a new position in Lattice Semiconductor in the 4th quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of Lattice Semiconductor in the first quarter valued at about $30,000. Finally, Principal Securities Inc. acquired a new stake in Lattice Semiconductor during the fourth quarter worth 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.