Lattice Semiconductor (NASDAQ:LSCC) Lowered to "Sell" Rating by StockNews.com

StockNews.com cut shares of Lattice Semiconductor (NASDAQ:LSCC - Free Report) from a hold rating to a sell rating in a research report released on Tuesday.

LSCC has been the topic of several other research reports. KeyCorp raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Rosenblatt Securities reissued a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Susquehanna upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, Robert W. Baird upped their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.25.

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Lattice Semiconductor Trading Up 4.8 %

Shares of LSCC traded up $2.81 during trading hours on Tuesday, reaching $60.79. 1,589,841 shares of the company traded hands, compared to its average volume of 2,295,900. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 138.16, a PEG ratio of 3.03 and a beta of 1.43. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $80.47. The stock's fifty day moving average price is $59.39 and its 200 day moving average price is $55.29.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, research analysts forecast that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now directly owns 122,538 shares of the company's stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares of the company's stock, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock valued at $943,026 in the last three months. 1.19% of the stock is owned by insiders.

Institutional Trading of Lattice Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Siemens Fonds Invest GmbH acquired a new position in Lattice Semiconductor during the fourth quarter valued at $1,209,000. Polar Asset Management Partners Inc. acquired a new position in shares of Lattice Semiconductor in the 4th quarter valued at about $5,353,000. American Trust purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth about $222,000. GTS Securities LLC grew its holdings in Lattice Semiconductor by 363.5% during the fourth quarter. GTS Securities LLC now owns 19,589 shares of the semiconductor company's stock worth $1,110,000 after acquiring an additional 15,363 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Lattice Semiconductor by 37.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,565,987 shares of the semiconductor company's stock valued at $88,713,000 after acquiring an additional 425,199 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.