Lattice Semiconductor (NASDAQ:LSCC) Hits New 12-Month Low - What's Next?

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $40.30 and last traded at $39.90, with a volume of 1326262 shares changing hands. The stock had previously closed at $43.06.

Analyst Ratings Changes

Several research analysts have commented on LSCC shares. KeyCorp upped their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Robert W. Baird increased their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Loop Capital began coverage on Lattice Semiconductor in a report on Friday, April 4th. They set a "buy" rating and a $85.00 target price on the stock. Finally, StockNews.com cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $67.69.

Lattice Semiconductor Stock Performance

The company has a market capitalization of $6.39 billion, a P/E ratio of 105.55, a PEG ratio of 3.03 and a beta of 1.64. The stock has a fifty day moving average of $58.23 and a 200 day moving average of $56.32.

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 analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Large investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake in Lattice Semiconductor by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock worth $1,220,487,000 after purchasing an additional 478,440 shares during the period. Vanguard Group Inc. lifted its holdings in Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after buying an additional 229,820 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after buying an additional 4,676,100 shares during the period. Geode Capital Management LLC grew its stake in Lattice Semiconductor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock worth $173,132,000 after acquiring an additional 74,655 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Lattice Semiconductor by 10.6% during the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock worth $127,944,000 after acquiring an additional 216,617 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.