Raymond James Has Lowered Expectations for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCC) had its target price reduced by Raymond James from $55.00 to $52.00 in a report issued on Tuesday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other equities analysts have also commented on LSCC. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Robert W. Baird dropped their price target on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Finally, TD Cowen dropped their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $54.53 on Tuesday. The company has a market capitalization of $7.52 billion, a PE ratio of 52.94 and a beta of 1.39. The stock has a fifty day moving average of $50.70 and a 200-day moving average of $57.05. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates 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 16.84% and a net margin of 25.48%. Lattice Semiconductor’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. As a group, research analysts forecast that Lattice Semiconductor will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor 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 completion of the sale, the senior vice president now directly owns 14,919 shares in the company, valued at $730,732.62. The trade was 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 available through the SEC website. In related news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Lattice Semiconductor by 11.5% in the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 152 shares during the last quarter. Covestor Ltd increased its position in Lattice Semiconductor by 16.1% in the 1st quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock worth $150,000 after buying an additional 266 shares during the period. Swedbank AB lifted its holdings in shares of Lattice Semiconductor by 0.6% during the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after buying an additional 300 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Lattice Semiconductor by 10.2% in the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 308 shares during the period. Finally, Financial Advocates Investment Management grew its stake in shares of Lattice Semiconductor by 7.4% in 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 last quarter. Institutional investors own 98.08% of the company’s stock.

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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.