Lattice Semiconductor (NASDAQ:LSCC) Price Target Lowered to $54.00 at KeyCorp

Lattice Semiconductor (NASDAQ:LSCC) had its price objective reduced by KeyCorp from $60.00 to $54.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

A number of other brokerages have also recently issued reports on LSCC. Deutsche Bank Aktiengesellschaft decreased their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Bank of America downgraded shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their target price for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Susquehanna reduced their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday. Finally, TD Cowen lowered their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $51.18 on Tuesday. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 37.63 and a beta of 1.39. The company’s 50 day simple moving average is $50.24 and its 200 day simple moving average is $57.17.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same period in the prior year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. Equities analysts expect that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was 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 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 can be accessed through this link. In other news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSCC. William Blair Investment Management LLC increased its position in shares of Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after purchasing an additional 668,132 shares during the period. Clearbridge Investments LLC grew its holdings in Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after acquiring an additional 294,290 shares during the period. Bank of New York Mellon Corp raised its position in Lattice Semiconductor by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after acquiring an additional 30,642 shares in the last quarter. Rokos Capital Management LLP lifted its holdings in Lattice Semiconductor by 1,592.8% in the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after acquiring an additional 1,141,230 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares in the last quarter. 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.