Lattice Semiconductor (NASDAQ:LSCC) Price Target Cut to $44.00 by Analysts at Robert W. Baird

Lattice Semiconductor (NASDAQ:LSCC) had its price target reduced by Robert W. Baird from $70.00 to $44.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Robert W. Baird’s price objective would suggest a potential downside of 15.21% from the company’s previous close.

Several other brokerages also recently weighed in on LSCC. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. KeyCorp lowered their price target on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Susquehanna decreased their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday. Finally, Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.75.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $51.89 on Tuesday. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69. The stock has a fifty day moving average price of $50.15 and a 200 day moving average price of $57.27. The company has a market cap of $7.15 billion, a P/E ratio of 38.15 and a beta of 1.39.

Insider Buying and Selling

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in LSCC. Entropy Technologies LP raised its holdings in Lattice Semiconductor by 5.6% in the 3rd quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company’s stock worth $435,000 after acquiring an additional 434 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Lattice Semiconductor during the 3rd quarter worth about $2,674,000. Hollencrest Capital Management bought a new stake in Lattice Semiconductor during the 3rd quarter valued at approximately $53,000. Harbor Capital Advisors Inc. grew its holdings in Lattice Semiconductor by 323.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 61,234 shares of the semiconductor company’s stock valued at $3,250,000 after buying an additional 46,768 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Lattice Semiconductor by 9.9% during the third quarter. Janney Montgomery Scott LLC now owns 202,474 shares of the semiconductor company’s stock worth $10,745,000 after buying an additional 18,320 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.