Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Down - What's Next?

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $43.64, but opened at $41.53. Lattice Semiconductor shares last traded at $42.25, with a volume of 139,687 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on LSCC. Rosenblatt Securities restated a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. StockNews.com cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Benchmark boosted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus raised their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Two investment 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.69.

Lattice Semiconductor Trading Down 1.0 %

The stock has a market cap of $5.67 billion, a PE ratio of 93.59, a P/E/G ratio of 3.03 and a beta of 1.64. The business's 50-day moving average price is $56.04 and its 200-day moving average price is $55.71.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly 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 net margin of 12.00% and a return on equity of 11.22%. As a group, analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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. The trade was a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company's stock.

Hedge Funds Weigh In On Lattice Semiconductor

Large investors have recently made changes to their positions in the company. US Bancorp DE grew its position in shares of Lattice Semiconductor by 2.9% during the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock valued at $1,592,000 after acquiring an additional 800 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Lattice Semiconductor by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock valued at $53,217,000 after buying an additional 29,516 shares in the last quarter. Compass Wealth Management LLC acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $1,324,000. Barclays PLC lifted its position in shares of Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after buying an additional 372,301 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 266 shares during the period. 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.