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

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

A number of other equities analysts also recently commented on LSCC. TD Cowen cut their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. Stifel Nicolaus raised their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Raymond James reduced their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, Robert W. Baird increased their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock traded up $0.89 during midday trading on Tuesday, hitting $56.23. 2,314,050 shares of the company’s stock were exchanged, compared to its average volume of 1,919,874. The firm’s 50 day simple moving average is $57.86 and its 200 day simple moving average is $53.17. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 54.59 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same quarter last year, the company posted $0.41 earnings per share. The business’s revenue was down 33.9% on a year-over-year basis. On average, equities research analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $22,827.10. This represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its holdings in shares of Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after acquiring an additional 224 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the period. HighTower Advisors LLC lifted its position in shares of Lattice Semiconductor by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock worth $267,000 after buying an additional 348 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Lattice Semiconductor by 7.5% in the 4th quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company’s stock valued at $284,000 after buying an additional 349 shares during the period. Finally, Financial Advocates Investment Management raised its stake in Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after acquiring an additional 394 shares during the period. 98.08% of the stock is currently owned by 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.