Deutsche Bank Aktiengesellschaft Lowers Lattice Semiconductor (NASDAQ:LSCC) Price Target to $50.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective cut by Deutsche Bank Aktiengesellschaft from $56.00 to $50.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other analysts have also recently commented on the company. Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $83.00 to $47.00 in a research report on Tuesday, July 30th. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Tuesday, September 17th. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Monday, September 16th. Needham & Company LLC reiterated a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Finally, StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $51.18 on Tuesday. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 37.63 and a beta of 1.39. The stock’s 50 day simple moving average is $50.24 and its two-hundred day simple moving average is $57.17. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

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

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. American National Bank & Trust boosted its stake in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 709 shares during the last quarter. West Oak Capital LLC raised its holdings in shares of Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares in the last quarter. Davidson Capital Management Inc. bought a new position in shares of Lattice Semiconductor during the 1st quarter valued at approximately $78,000. Hollencrest Capital Management purchased a new position in shares of Lattice Semiconductor in the third quarter valued at $53,000. Finally, Blue Trust Inc. raised its stake in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares in the last quarter. Hedge funds and other institutional investors 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.