Lattice Semiconductor (NASDAQ:LSCC) Stock Price Down 3.1% – Time to Sell?

Lattice Semiconductor Co. (NASDAQ:LSCC)’s stock price dropped 3.1% during mid-day trading on Wednesday . The company traded as low as $51.01 and last traded at $51.28. Approximately 2,134,434 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 2,373,985 shares. The stock had previously closed at $52.92.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LSCC. KeyCorp increased their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird raised their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, February 10th. Susquehanna increased their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus lifted their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.69.

Lattice Semiconductor Price Performance

The company has a market capitalization of $5.37 billion, a PE ratio of 88.71, a P/E/G ratio of 3.03 and a beta of 1.43. The stock has a 50-day simple moving average of $59.65 and a 200 day simple moving average of $56.67.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, research analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,740 shares of company stock valued at $943,026. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LSCC. Holocene Advisors LP grew its position in shares of Lattice Semiconductor by 235.2% in the third quarter. Holocene Advisors LP now owns 109,171 shares of the semiconductor company’s stock valued at $5,794,000 after purchasing an additional 76,600 shares during the period. HighTower Advisors LLC increased its stake in shares of Lattice Semiconductor by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 348 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Lattice Semiconductor by 80.9% during the 3rd quarter. Janus Henderson Group PLC now owns 161,495 shares of the semiconductor company’s stock valued at $8,571,000 after acquiring an additional 72,244 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Lattice Semiconductor during the 3rd quarter worth about $49,297,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Lattice Semiconductor in the third quarter worth approximately $301,000. 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.