Raymond James Lowers Lattice Semiconductor (NASDAQ:LSCC) Price Target to $52.00

Lattice Semiconductor (NASDAQ:LSCC - Free Report) had its price objective lowered by Raymond James from $55.00 to $52.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company's stock.

A number of other equities research analysts also recently commented on LSCC. Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday. Stifel Nicolaus upgraded Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Tuesday, September 17th. KeyCorp reduced their target price on Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday. Benchmark restated a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, Susquehanna reduced their target price on Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, Lattice Semiconductor has a consensus rating of "Moderate Buy" and a consensus price target of $58.42.

Lattice Semiconductor Price Performance

LSCC stock traded down $0.71 on Tuesday, reaching $51.18. The company's stock had a trading volume of 10,422,589 shares, compared to its average volume of 2,413,417. The firm has a fifty day moving average of $50.24 and a two-hundred day moving average of $57.17. The company has a market capitalization of $7.05 billion, a P/E ratio of 37.63 and a beta of 1.39. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly 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. The firm had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm's quarterly revenue was down 33.9% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. As a group, equities analysts expect that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. increased its position in Lattice Semiconductor by 11.5% during the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company's stock worth $115,000 after buying an additional 152 shares during the last quarter. Covestor Ltd grew its position in shares of Lattice Semiconductor by 16.1% in the first quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company's stock valued at $150,000 after purchasing an additional 266 shares during the last quarter. Swedbank AB grew its position in shares of Lattice Semiconductor by 0.6% in the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company's stock valued at $3,120,000 after purchasing an additional 300 shares during the last quarter. Tidal Investments LLC grew its position in shares of Lattice Semiconductor by 10.2% in the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company's stock valued at $260,000 after purchasing an additional 308 shares during the last quarter. Finally, Financial Advocates Investment Management grew its position in shares of Lattice Semiconductor by 7.4% in the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company's stock valued at $303,000 after purchasing an additional 394 shares during the last quarter. 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.