TD Cowen Has Lowered Expectations for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) had its target price reduced by analysts at TD Cowen from $60.00 to $50.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective suggests a potential downside of 7.70% from the stock’s current price.

Other analysts have also issued research reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. KeyCorp decreased their target price on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Thursday, August 8th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.42.

Read Our Latest Report on Lattice Semiconductor

Lattice Semiconductor Stock Up 5.8 %

Shares of LSCC stock opened at $54.17 on Tuesday. The business’s fifty day moving average is $50.40 and its 200 day moving average is $57.15. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 52.59 and a beta of 1.39. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.92%. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Equities research analysts expect that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The trade was 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 insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in LSCC. Norden Group LLC lifted its holdings in Lattice Semiconductor by 43.4% during the 1st quarter. Norden Group LLC now owns 7,372 shares of the semiconductor company’s stock valued at $577,000 after buying an additional 2,232 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Lattice Semiconductor by 5.9% in the first quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the semiconductor company’s stock worth $704,000 after purchasing an additional 500 shares in the last quarter. Larson Financial Group LLC grew its stake in Lattice Semiconductor by 159.6% in the first quarter. Larson Financial Group LLC now owns 2,300 shares of the semiconductor company’s stock worth $180,000 after purchasing an additional 1,414 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Lattice Semiconductor during the 1st quarter worth $2,276,000. Finally, Texas Permanent School Fund Corp raised its position in Lattice Semiconductor by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 120,801 shares of the semiconductor company’s stock valued at $9,450,000 after purchasing an additional 1,565 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Company Profile

(Get Free Report)

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.

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