Lattice Semiconductor (NASDAQ:LSCC) PT Lowered to $80.00

Lattice Semiconductor (NASDAQ:LSCC) had its price target dropped by KeyCorp from $110.00 to $80.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s target price would indicate a potential upside of 46.49% from the company’s previous close.

Other research analysts have also issued research reports about the company. TD Cowen raised their price objective on Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. StockNews.com started coverage on shares of Lattice Semiconductor in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Needham & Company LLC dropped their price objective on shares of Lattice Semiconductor from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday. Bank of America cut their price objective on shares of Lattice Semiconductor from $95.00 to $90.00 in a report on Tuesday, October 10th. Finally, Susquehanna lowered their target price on Lattice Semiconductor from $105.00 to $95.00 and set a “positive” rating on the stock in a 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’s stock. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $87.67.

Lattice Semiconductor Stock Down 1.8 %

LSCC opened at $54.61 on Tuesday. The company has a market cap of $7.53 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29. Lattice Semiconductor has a twelve month low of $49.03 and a twelve month high of $98.30. The company has a 50-day moving average price of $82.48 and a 200 day moving average price of $85.77. The company has a quick ratio of 2.53, a current ratio of 3.75 and a debt-to-equity ratio of 0.08.

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

Insider Buying and Selling at Lattice Semiconductor

In other news, Director David Jeffrey Richardson sold 21,918 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $91.62, for a total value of $2,008,127.16. Following the transaction, the director now directly owns 33,600 shares in the company, valued at approximately $3,078,432. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director David Jeffrey Richardson sold 21,918 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $91.62, for a total value of $2,008,127.16. Following the sale, the director now owns 33,600 shares in the company, valued at approximately $3,078,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Robert Anderson sold 40,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $87.96, for a total value of $3,518,400.00. Following the transaction, the chief executive officer now directly owns 788,847 shares in the company, valued at approximately $69,386,982.12. The disclosure for this sale can be found here. Insiders sold a total of 130,184 shares of company stock worth $11,698,010 over the last three months. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently modified their holdings of LSCC. UMB Bank n.a. boosted its holdings in Lattice Semiconductor by 100.7% in the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 154 shares during the period. RVW Wealth LLC purchased a new stake in shares of Lattice Semiconductor during the third quarter worth approximately $27,000. First Capital Advisors Group LLC. acquired a new stake in Lattice Semiconductor in the second quarter valued at approximately $33,000. Quarry LP grew its holdings in Lattice Semiconductor by 47.7% during the 1st quarter. Quarry LP now owns 384 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 124 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Lattice Semiconductor by 404.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 429 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 344 shares during the last quarter. 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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.