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

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Friday.

Several other analysts have also recently weighed in on the company. KeyCorp boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Raymond James dropped their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Benchmark lifted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus increased their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average target price of $66.25.

Remove Ads

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded up $0.64 during trading on Friday, reaching $60.96. The company had a trading volume of 3,158,965 shares, compared to its average volume of 2,458,631. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The business's 50 day moving average price is $59.02 and its 200-day moving average price is $54.69. The stock has a market cap of $8.40 billion, a PE ratio of 138.55, a PEG ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share 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%. Equities analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company's stock, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor 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 sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,686 shares of company stock valued at $1,118,722 over the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Lattice Semiconductor in the 4th quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ lifted its position in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after buying an additional 340 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after buying an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Lattice Semiconductor in the 4th quarter valued at about $52,000. 98.08% of the stock is currently owned by institutional investors.

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.