Lattice Semiconductor (NASDAQ:LSCC) Cut to Sell at StockNews.com

Lattice Semiconductor (NASDAQ:LSCC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other equities research analysts also recently issued reports on the stock. Benchmark boosted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. KeyCorp lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Trading Down 0.0 %

LSCC opened at $58.61 on Tuesday. The company has a market cap of $8.08 billion, a P/E ratio of 133.21, a P/E/G ratio of 3.03 and a beta of 1.43. The business’s 50-day moving average price is $59.35 and its 200-day moving average price is $55.27. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $80.89.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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%. Equities research analysts forecast that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,740 shares of company stock worth $943,026. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds have recently modified their holdings of the business. Siemens Fonds Invest GmbH purchased a new position in shares of Lattice Semiconductor during the fourth quarter worth $1,209,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth about $5,353,000. American Trust purchased a new position in shares of Lattice Semiconductor in the 4th quarter valued at $222,000. GTS Securities LLC increased its position in shares of Lattice Semiconductor by 363.5% during the fourth quarter. GTS Securities LLC now owns 19,589 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 15,363 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Lattice Semiconductor by 37.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,565,987 shares of the semiconductor company’s stock valued at $88,713,000 after buying an additional 425,199 shares during the last quarter. 98.08% of the stock is currently 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.