Lattice Semiconductor (NASDAQ:LSCC) Lowered to “Neutral” at Susquehanna Bancshares

Susquehanna Bancshares lowered shares of Lattice Semiconductor (NASDAQ:LSCC) from a positive rating to a neutral rating in a research report report published on Monday, Stock Target Advisor reports.

A number of other brokerages also recently commented on LSCC. Cowen raised their price objective on Lattice Semiconductor from $48.00 to $56.00 and gave the stock an outperform rating in a research report on Wednesday, February 17th. Susquehanna cut Lattice Semiconductor from a positive rating to a neutral rating in a report on Monday. Zacks Investment Research cut Lattice Semiconductor from a buy rating to a hold rating in a report on Tuesday, March 30th. KeyCorp increased their target price on Lattice Semiconductor from $50.00 to $57.00 and gave the stock an overweight rating in a report on Wednesday, February 17th. Finally, Colliers Securities reissued a buy rating on shares of Lattice Semiconductor in a report on Thursday, January 28th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $47.56.

Shares of NASDAQ:LSCC opened at $53.17 on Monday. The business has a 50 day moving average price of $46.96 and a 200 day moving average price of $42.61. Lattice Semiconductor has a twelve month low of $18.46 and a twelve month high of $58.38. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 161.12, a PEG ratio of 9.08 and a beta of 1.04. The company has a quick ratio of 3.18, a current ratio of 3.86 and a debt-to-equity ratio of 0.43.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 15th. The semiconductor company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Lattice Semiconductor had a return on equity of 16.60% and a net margin of 11.31%. The company had revenue of $107.17 million during the quarter, compared to the consensus estimate of $103.33 million. Analysts anticipate that Lattice Semiconductor will post 0.38 EPS for the current year.

In other news, VP Stephen Douglass sold 3,026 shares of the business’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $47.05, for a total transaction of $142,373.30. Following the completion of the sale, the vice president now owns 60,248 shares in the company, valued at $2,834,668.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Esam Elashmawi sold 38,000 shares of the business’s stock in a transaction that occurred on Thursday, March 4th. The shares were sold at an average price of $46.79, for a total value of $1,778,020.00. Following the completion of the sale, the vice president now owns 102,302 shares of the company’s stock, valued at $4,786,710.58. The disclosure for this sale can be found here. Insiders sold a total of 145,720 shares of company stock worth $6,541,358 in the last three months. Company insiders own 1.24% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in Lattice Semiconductor by 4.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 80,782 shares of the semiconductor company’s stock valued at $3,701,000 after purchasing an additional 3,661 shares in the last quarter. Castleark Management LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth $5,512,000. Hood River Capital Management LLC increased its holdings in shares of Lattice Semiconductor by 1.7% during the fourth quarter. Hood River Capital Management LLC now owns 808,963 shares of the semiconductor company’s stock worth $37,067,000 after buying an additional 13,895 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Lattice Semiconductor by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,415,497 shares of the semiconductor company’s stock worth $110,678,000 after buying an additional 78,398 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth $2,370,000.

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 Certus-NX and ECP, MachXO, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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