Lattice Semiconductor (NASDAQ:LSCC) Stock Price Down 7.8%

Lattice Semiconductor Co. (NASDAQ:LSCC)’s stock price was down 7.8% during trading on Tuesday . The stock traded as low as $70.61 and last traded at $70.87. Approximately 2,503,845 shares changed hands during trading, an increase of 16% from the average daily volume of 2,155,828 shares. The stock had previously closed at $76.86.

Analyst Upgrades and Downgrades

LSCC has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. KeyCorp raised their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Benchmark boosted their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus lowered their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Finally, Susquehanna increased their price target on Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.36.

Lattice Semiconductor Stock Down 10.7 %

The firm has a 50-day moving average price of $75.77 and a two-hundred day moving average price of $68.89. The company has a market capitalization of $9.44 billion, a P/E ratio of 39.07, a PEG ratio of 16.67 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that Lattice Semiconductor Co. will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock worth $3,225,795 over the last three months. Company insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $26,000. UMB Bank n.a. grew its holdings in Lattice Semiconductor by 100.7% during the 3rd quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 154 shares during the period. Larson Financial Group LLC bought a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at $29,000. Van ECK Associates Corp lifted its stake in shares of Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares during the period. Finally, Rise Advisors LLC bought a new position in shares of Lattice Semiconductor in the 1st quarter worth $30,000. 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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.