Lattice Semiconductor (NASDAQ:LSCC) Price Target Lowered to $75.00 at Loop Capital

Lattice Semiconductor (NASDAQ:LSCC) had its price target decreased by Loop Capital from $85.00 to $75.00 in a research note published on Tuesday morning,Benzinga reports. Loop Capital currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on the company. KeyCorp cut their target price on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. TD Cowen lifted their price target on Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird increased their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.93.

Lattice Semiconductor Stock Up 1.2 %

Shares of NASDAQ LSCC opened at $49.18 on Tuesday. The firm has a market cap of $6.77 billion, a PE ratio of 111.78, a P/E/G ratio of 3.03 and a beta of 1.60. The company’s fifty day simple moving average is $51.38 and its 200 day simple moving average is $55.33. Lattice Semiconductor has a 12-month low of $34.69 and a 12-month high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. On average, equities analysts predict that Lattice Semiconductor will post 0.65 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of large investors have recently bought and sold shares of LSCC. Wealthquest Corp bought a new position in shares of Lattice Semiconductor during the 1st quarter worth $3,291,000. Natixis Advisors LLC boosted its position in Lattice Semiconductor by 151.8% during the first quarter. Natixis Advisors LLC now owns 56,469 shares of the semiconductor company’s stock worth $2,962,000 after purchasing an additional 34,041 shares during the period. XTX Topco Ltd purchased a new position in shares of Lattice Semiconductor in the first quarter worth about $3,916,000. Harvest Fund Management Co. Ltd raised its position in shares of Lattice Semiconductor by 408.7% in the first quarter. Harvest Fund Management Co. Ltd now owns 6,415 shares of the semiconductor company’s stock valued at $337,000 after purchasing an additional 5,154 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Lattice Semiconductor during the 1st quarter valued at approximately $36,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.