Lattice Semiconductor (NASDAQ:LSCC) Price Target Cut to $55.00 by Analysts at Susquehanna

Lattice Semiconductor (NASDAQ:LSCC) had its target price lowered by Susquehanna from $65.00 to $55.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

Several other research firms have also issued reports on LSCC. TD Cowen reduced their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Thursday, August 8th. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Stock Performance

LSCC stock opened at $51.18 on Tuesday. The firm has a 50 day simple moving average of $50.24 and a 200 day simple moving average of $57.17. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The stock has a market cap of $7.05 billion, a P/E ratio of 37.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. Lattice Semiconductor’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. Sell-side analysts predict that Lattice Semiconductor will post 0.59 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,232 shares of the business’s 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 sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor 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 sale, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sherri R. Luther sold 20,632 shares of the 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 transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors have recently added to or reduced their stakes in LSCC. American National Bank & Trust grew its position in Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 709 shares during the period. West Oak Capital LLC grew its stake in shares of Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 550 shares during the last quarter. Davidson Capital Management Inc. acquired a new stake in shares of Lattice Semiconductor in the first quarter valued at approximately $78,000. Hollencrest Capital Management acquired a new position in Lattice Semiconductor during the 3rd quarter worth $53,000. Finally, Blue Trust Inc. increased its stake in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 748 shares during the period. 98.08% of the stock is 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.