StockNews.com Lowers Lattice Semiconductor (NASDAQ:LSCC) to Sell

StockNews.com downgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

A number of other brokerages have also recently commented on LSCC. Rosenblatt Securities reiterated a buy rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Jefferies Financial Group reaffirmed a buy rating and issued a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on Lattice Semiconductor from $82.00 to $56.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Benchmark reaffirmed a buy rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Thursday, July 18th. Finally, TD Cowen lowered their price target on Lattice Semiconductor from $80.00 to $60.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor has an average rating of Moderate Buy and a consensus price target of $66.55.

Lattice Semiconductor Stock Performance

LSCC opened at $44.42 on Friday. The firm has a market cap of $6.11 billion, a P/E ratio of 28.47, a PEG ratio of 12.19 and a beta of 1.39. The firm has a 50-day moving average of $60.33 and a 200 day moving average of $68.41. Lattice Semiconductor has a fifty-two week low of $41.65 and a fifty-two week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. During the same period last year, the company earned $0.40 earnings per share. Lattice Semiconductor’s revenue for the quarter was down 34.7% compared to the same quarter last year. Equities research analysts predict that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the transaction, the director now owns 1,920 shares of the company’s stock, valued at approximately $132,864. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Lattice Semiconductor news, SVP Glenn O’rourke sold 1,241 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total value of $92,504.14. Following the sale, the senior vice president now owns 12,084 shares in the company, valued at $900,741.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares in the company, valued at approximately $132,864. The disclosure for this sale can be found here. Insiders have sold 49,566 shares of company stock valued at $3,664,529 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently made changes to their positions in LSCC. Blue Trust Inc. boosted its position in Lattice Semiconductor by 129.4% during the fourth quarter. Blue Trust Inc. now owns 601 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 339 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Lattice Semiconductor by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System boosted its holdings in Lattice Semiconductor by 0.9% in the fourth quarter. Arizona State Retirement System now owns 37,883 shares of the semiconductor company’s stock worth $2,614,000 after acquiring an additional 330 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Lattice Semiconductor by 286.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after acquiring an additional 142,543 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Lattice Semiconductor by 85.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,303 shares of the semiconductor company’s stock worth $366,000 after acquiring an additional 2,450 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.