Lattice Semiconductor (NASDAQ:LSCC) Downgraded by Wall Street Zen to “Hold”

Lattice Semiconductor (NASDAQ:LSCC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a research report on Monday, December 29th. Royal Bank Of Canada assumed coverage on shares of Lattice Semiconductor in a report on Wednesday, January 14th. They set an “outperform” rating and a $105.00 target price for the company. Williams Trading set a $82.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, November 4th. Susquehanna raised their price target on Lattice Semiconductor from $85.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus upped their price objective on Lattice Semiconductor from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $82.38.

Lattice Semiconductor Stock Up 6.2%

Shares of NASDAQ:LSCC opened at $86.41 on Friday. The firm has a market cap of $11.82 billion, a P/E ratio of 432.07, a P/E/G ratio of 3.52 and a beta of 1.70. Lattice Semiconductor has a 12 month low of $34.69 and a 12 month high of $89.92. The company’s 50-day moving average price is $79.56 and its two-hundred day moving average price is $70.63.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 839 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $78.09, for a total value of $65,517.51. Following the sale, the senior vice president directly owned 104,208 shares of the company’s stock, valued at approximately $8,137,602.72. This represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonya Stevens sold 2,593 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $66.75, for a total value of $173,082.75. Following the completion of the sale, the chief accounting officer directly owned 74,505 shares of the company’s stock, valued at approximately $4,973,208.75. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,105 shares of company stock valued at $1,369,590 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Lattice Semiconductor by 213.3% in the 1st quarter. Royal Bank of Canada now owns 176,938 shares of the semiconductor company’s stock valued at $9,280,000 after purchasing an additional 120,464 shares in the last quarter. AQR Capital Management LLC lifted its stake in Lattice Semiconductor by 59.5% in the 1st quarter. AQR Capital Management LLC now owns 8,799 shares of the semiconductor company’s stock valued at $460,000 after purchasing an additional 3,283 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Lattice Semiconductor by 37.8% in the first quarter. Goldman Sachs Group Inc. now owns 963,493 shares of the semiconductor company’s stock valued at $50,535,000 after buying an additional 264,329 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Lattice Semiconductor by 6.4% during the second quarter. KLP Kapitalforvaltning AS now owns 28,300 shares of the semiconductor company’s stock worth $1,386,000 after buying an additional 1,700 shares during the last quarter. Finally, Aberdeen Group plc increased its holdings in shares of Lattice Semiconductor by 0.3% during the second quarter. Aberdeen Group plc now owns 373,647 shares of the semiconductor company’s stock worth $18,305,000 after buying an additional 1,091 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.

The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.