Lattice Semiconductor (NASDAQ:LSCC) Given New $61.00 Price Target at Needham & Company LLC

Lattice Semiconductor (NASDAQ:LSCC) had its price objective reduced by Needham & Company LLC from $80.00 to $61.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

LSCC has been the topic of several other research reports. Rosenblatt Securities reissued a buy rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, April 30th. Benchmark restated a buy rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Thursday, July 18th. StockNews.com upgraded shares of Lattice Semiconductor from a sell rating to a hold rating in a research report on Friday, July 26th. Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the stock an outperform rating in a research report on Tuesday, April 30th. Finally, TD Cowen reduced their price target on shares of Lattice Semiconductor from $80.00 to $60.00 and set a buy rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of Moderate Buy and a consensus price target of $66.55.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $45.08 on Tuesday. Lattice Semiconductor has a 1-year low of $44.51 and a 1-year high of $98.30. The company has a market capitalization of $6.21 billion, a P/E ratio of 28.90, a P/E/G ratio of 11.53 and a beta of 1.39. The firm’s 50 day simple moving average is $60.33 and its two-hundred day simple moving average is $68.37.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same period last year, the firm posted $0.40 EPS. Lattice Semiconductor’s quarterly revenue was down 34.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,210 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $72.97, for a total transaction of $88,293.70. Following the transaction, the senior vice president now owns 14,554 shares in the company, valued at $1,062,005.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Mark Jon Nelson sold 1,210 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were 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 in the company, valued at $1,062,005.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Glenn O’rourke sold 1,241 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 12,084 shares in the company, valued at $900,741.36. The disclosure for this sale can be found here. Insiders have sold 49,566 shares of company stock worth $3,664,529 over the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LSCC. Van ECK Associates Corp grew its holdings in shares of Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Lattice Semiconductor in the fourth quarter worth about $28,000. American National Bank purchased a new stake in Lattice Semiconductor in the fourth quarter worth about $28,000. Rise Advisors LLC purchased a new stake in Lattice Semiconductor in the first quarter worth about $30,000. Finally, Principal Securities Inc. purchased a new stake in Lattice Semiconductor in the fourth quarter worth about $31,000. 98.08% of the stock is currently owned by 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.