Lattice Semiconductor (NASDAQ:LSCC) Shares Down 3.7% – Here’s Why

Lattice Semiconductor Co. (NASDAQ:LSCC)’s share price was down 3.7% during mid-day trading on Friday . The stock traded as low as $57.23 and last traded at $57.28. Approximately 244,019 shares changed hands during trading, a decline of 85% from the average daily volume of 1,659,579 shares. The stock had previously closed at $59.50.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LSCC shares. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. TD Cowen cut their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James dropped their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $64.58.

Lattice Semiconductor Stock Down 5.4 %

The stock has a market cap of $7.77 billion, a PE ratio of 54.79 and a beta of 1.41. The business’s fifty day moving average is $57.27 and its 200 day moving average is $53.31.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same period last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. As a group, analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,022 shares of company stock valued at $596,502. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its position in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 266 shares during the last quarter. American National Bank & Trust boosted its position in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 709 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Lattice Semiconductor during the third quarter worth approximately $53,000. Brooklyn Investment Group acquired a new stake in Lattice Semiconductor during the third quarter worth approximately $89,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Lattice Semiconductor by 257.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 1,534 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

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.