Lattice Semiconductor (NASDAQ:LSCC) Price Target Cut to $65.00 by Analysts at Susquehanna

Lattice Semiconductor (NASDAQ:LSCC) had its target price lowered by Susquehanna from $85.00 to $65.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a positive rating on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird raised 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. Jefferies Financial Group reaffirmed a buy rating and issued a $88.00 price objective (up previously from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Benchmark reaffirmed a buy rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Thursday, July 18th. Needham & Company LLC reaffirmed a buy rating and issued a $80.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, June 4th. Finally, StockNews.com raised shares of Lattice Semiconductor from a sell rating to a hold rating in a report on Friday, July 26th. 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. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $66.55.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $45.08 on Tuesday. The firm’s 50-day moving average is $60.33 and its 200-day moving average is $68.37. Lattice Semiconductor has a 1 year low of $44.51 and a 1 year high of $98.30. The company has a market cap of $6.21 billion, a P/E ratio of 28.90, a PEG ratio of 11.53 and a beta of 1.39.

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 analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business had revenue of $124.08 million during the quarter, compared to the consensus estimate of $130.17 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. The company’s quarterly revenue was down 34.7% compared to the same quarter last year. As a group, sell-side analysts predict that Lattice Semiconductor will post 0.68 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at $132,864. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at $132,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Glenn O’rourke sold 1,241 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total value 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 $900,741.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,566 shares of company stock worth $3,664,529. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently made changes to their positions in LSCC. Van ECK Associates Corp lifted its stake 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 valued at $25,000 after buying an additional 174 shares during the period. GAMMA Investing LLC bought a new position in Lattice Semiconductor during the fourth quarter worth about $28,000. American National Bank bought a new position in Lattice Semiconductor during the fourth quarter worth about $28,000. Rise Advisors LLC bought a new position in Lattice Semiconductor during the first quarter worth about $30,000. Finally, Principal Securities Inc. bought a new position in Lattice Semiconductor during the fourth quarter worth about $31,000. Institutional investors own 98.08% of the company’s stock.

About Lattice Semiconductor

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.