Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Down After Analyst Downgrade

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report)'s share price gapped down prior to trading on Tuesday after Raymond James lowered their price target on the stock from $55.00 to $52.00. The stock had previously closed at $51.89, but opened at $48.91. Raymond James currently has an outperform rating on the stock. Lattice Semiconductor shares last traded at $49.34, with a volume of 2,076,025 shares.

A number of other equities research analysts have also commented on LSCC. Bank of America lowered Lattice Semiconductor from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. KeyCorp lowered their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday. TD Cowen cut their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.42.

Insider Transactions at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 20,632 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 14,919 shares of the company's stock, valued at approximately $730,732.62. This trade represents 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.

Institutional Trading of Lattice Semiconductor

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock worth $67,000 after buying an additional 748 shares in the last quarter. Swedbank AB purchased a new stake in Lattice Semiconductor in the 1st quarter worth approximately $4,186,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Lattice Semiconductor by 21.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,605 shares of the semiconductor company's stock worth $12,763,000 after purchasing an additional 28,041 shares in the last quarter. Marshall Financial Group LLC bought a new position in Lattice Semiconductor in the 2nd quarter valued at $721,000. Finally, Stephens Investment Management Group LLC grew its position in shares of Lattice Semiconductor by 22.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company's stock valued at $41,409,000 after purchasing an additional 142,005 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

The stock has a market cap of $7.05 billion, a P/E ratio of 37.63 and a beta of 1.39. The firm's fifty day moving average price is $50.24 and its two-hundred day moving average price is $57.17.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. The business had revenue of $127.09 million for 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 company's quarterly revenue was down 33.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. On average, research analysts expect that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

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.