Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Down – Time to Sell?

Lattice Semiconductor Co. (NASDAQ:LSCC)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $43.64, but opened at $41.53. Lattice Semiconductor shares last traded at $42.25, with a volume of 139,687 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Stifel Nicolaus increased their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Susquehanna upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Finally, Benchmark lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.69.

Lattice Semiconductor Stock Performance

The business has a 50-day simple moving average of $56.39 and a two-hundred day simple moving average of $55.76. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 93.59, a PEG ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Research analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in shares of Lattice Semiconductor by 2.9% during the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock valued at $1,592,000 after acquiring an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lattice Semiconductor by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company’s stock valued at $53,217,000 after purchasing an additional 29,516 shares during the period. Compass Wealth Management LLC acquired a new position in Lattice Semiconductor during the fourth quarter worth approximately $1,324,000. Barclays PLC raised its stake in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after purchasing an additional 372,301 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.