Deutsche Bank Aktiengesellschaft Lowers Lattice Semiconductor (NASDAQ:LSCC) Price Target to $50.00

Lattice Semiconductor (NASDAQ:LSCC - Free Report) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $56.00 to $50.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company's stock.

Several other research firms have also commented on LSCC. Raymond James upgraded Lattice Semiconductor from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research note on Thursday, August 8th. Needham & Company LLC reiterated a "buy" rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, August 3rd. Susquehanna cut their price target on Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a research note on Tuesday. Finally, Robert W. Baird cut their price target on Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.42.

Lattice Semiconductor Trading Down 1.4 %

Shares of LSCC stock traded down $0.71 during midday trading on Tuesday, reaching $51.18. 10,422,589 shares of the stock were exchanged, compared to its average volume of 2,413,417. The firm has a market cap of $7.05 billion, a PE ratio of 37.63 and a beta of 1.39. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The company's 50 day moving average is $50.24 and its two-hundred day moving average is $57.17.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $127.09 million for the quarter, compared to analysts' expectations of $127.05 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company's revenue was down 33.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. As a group, equities analysts expect that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the firm's 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 sale, the chief financial officer now owns 90,341 shares of the company's stock, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares of the company's stock, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value 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 position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of LSCC. Bessemer Group Inc. raised its holdings in Lattice Semiconductor by 11.5% in the 1st quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company's stock worth $115,000 after purchasing an additional 152 shares during the period. Covestor Ltd raised its holdings in Lattice Semiconductor by 16.1% in the 1st quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company's stock worth $150,000 after purchasing an additional 266 shares during the period. Swedbank AB raised its holdings in shares of Lattice Semiconductor by 0.6% during the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company's stock valued at $3,120,000 after acquiring an additional 300 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Lattice Semiconductor by 10.2% during the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company's stock valued at $260,000 after acquiring an additional 308 shares during the last quarter. Finally, Financial Advocates Investment Management raised its holdings in shares of Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company's stock valued at $303,000 after acquiring an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

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.