Lattice Semiconductor (NASDAQ:LSCC) Price Target Lowered to $55.00 at Stifel Nicolaus

Lattice Semiconductor (NASDAQ:LSCC) had its price target decreased by Stifel Nicolaus from $67.00 to $55.00 in a research report report published on Tuesday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the semiconductor company’s stock.

A number of other analysts have also recently issued reports on LSCC. Robert W. Baird boosted their target price on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. Jefferies Financial Group reissued a buy rating and set a $88.00 price target (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Rosenblatt Securities reissued a buy rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Susquehanna cut their target price on Lattice Semiconductor from $85.00 to $65.00 and set a positive rating on the stock in a research report on Tuesday. Finally, Benchmark reaffirmed a buy rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $66.55.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $45.08 on Tuesday. Lattice Semiconductor has a one year low of $44.51 and a one year high of $98.30. The business has a fifty day moving average of $60.33 and a two-hundred day moving average of $68.37. The company has a market cap of $6.21 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 11.53 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Sell-side analysts predict that Lattice Semiconductor will post 0.68 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Glenn O’rourke sold 1,241 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total value of $92,504.14. Following the completion of the transaction, the senior vice president now owns 12,084 shares of the company’s stock, valued at $900,741.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the transaction, the director now owns 1,920 shares of the company’s stock, valued at $132,864. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Glenn O’rourke sold 1,241 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total value of $92,504.14. Following the completion of the sale, the senior vice president now owns 12,084 shares of the company’s stock, valued at approximately $900,741.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,566 shares of company stock valued at $3,664,529. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Institutional investors have recently modified their holdings of the company. Robeco Schweiz AG lifted its holdings in shares of Lattice Semiconductor by 9.5% in the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after buying an additional 132,000 shares during the period. US Bancorp DE lifted its holdings in shares of Lattice Semiconductor by 458.5% in the fourth quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock valued at $1,508,000 after buying an additional 17,950 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Lattice Semiconductor by 286.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock valued at $13,571,000 after buying an additional 142,543 shares during the period. Norden Group LLC lifted its holdings in shares of Lattice Semiconductor by 1,196.1% in the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock valued at $5,212,000 after buying an additional 61,478 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Lattice Semiconductor by 28.9% in the first quarter. BNP Paribas Financial Markets now owns 587,444 shares of the semiconductor company’s stock valued at $45,956,000 after buying an additional 131,881 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.