Lattice Semiconductor (NASDAQ:LSCC) PT Lowered to $75.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price lowered by analysts at Needham & Company LLC from $90.00 to $75.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 37.34% from the stock’s current price.

Several other equities analysts also recently commented on the stock. StockNews.com began coverage on shares of Lattice Semiconductor in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Bank of America lowered their price target on shares of Lattice Semiconductor from $95.00 to $90.00 in a report on Tuesday, October 10th. Benchmark lifted their target price on Lattice Semiconductor from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. TD Cowen lifted their price target on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Finally, Susquehanna reduced their price target on Lattice Semiconductor from $105.00 to $95.00 and set a “positive” rating on the stock in a research report on Tuesday, October 24th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.67.

Lattice Semiconductor Trading Down 1.8 %

Lattice Semiconductor stock opened at $54.61 on Tuesday. The stock has a 50-day simple moving average of $82.48 and a 200 day simple moving average of $85.77. The stock has a market capitalization of $7.53 billion, a P/E ratio of 36.17, a PEG ratio of 2.16 and a beta of 1.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.53 and a current ratio of 3.75. Lattice Semiconductor has a 52 week low of $49.03 and a 52 week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, July 31st. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Lattice Semiconductor had a return on equity of 42.83% and a net margin of 28.59%. The business had revenue of $190.08 million for the quarter, compared to the consensus estimate of $188.15 million. Analysts expect that Lattice Semiconductor will post 1.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.53, for a total transaction of $835,300.00. Following the completion of the transaction, the director now directly owns 10,144 shares in the company, valued at $847,328.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $83.53, for a total transaction of $835,300.00. Following the sale, the director now directly owns 10,144 shares in the company, valued at $847,328.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Glenn O’rourke sold 1,869 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $87.07, for a total transaction of $162,733.83. Following the completion of the transaction, the senior vice president now owns 2,597 shares of the company’s stock, valued at approximately $226,120.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,184 shares of company stock valued at $11,698,010. 1.25% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in Lattice Semiconductor by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock worth $462,000 after buying an additional 1,737 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Lattice Semiconductor in the first quarter worth approximately $122,000. Great West Life Assurance Co. Can boosted its holdings in Lattice Semiconductor by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company’s stock valued at $4,660,000 after acquiring an additional 5,572 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Lattice Semiconductor by 5.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock valued at $2,151,000 after purchasing an additional 1,886 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Lattice Semiconductor during the 1st quarter worth approximately $6,647,000. 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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.