Susquehanna Cuts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $55.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective cut by Susquehanna from $65.00 to $55.00 in a research report released on Tuesday,Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

A number of other analysts have also recently issued reports on LSCC. KeyCorp dropped their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Bank of America downgraded shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price target for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor Stock Up 1.6 %

Shares of NASDAQ:LSCC opened at $55.05 on Tuesday. The firm has a market capitalization of $7.58 billion, a PE ratio of 53.45 and a beta of 1.39. The company has a 50-day moving average price of $50.56 and a two-hundred day moving average price of $57.13. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.92%. The company had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Analysts anticipate that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after buying an additional 748 shares during the period. Swedbank AB purchased a new position in Lattice Semiconductor in the 1st quarter worth approximately $4,186,000. Stephens Investment Management Group LLC increased its stake in Lattice Semiconductor by 22.2% in the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock worth $41,409,000 after purchasing an additional 142,005 shares during the period. Marshall Financial Group LLC bought a new stake in Lattice Semiconductor in the second quarter valued at approximately $721,000. Finally, Cetera Investment Advisers boosted its stake in shares of Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after purchasing an additional 13,236 shares during the period. 98.08% of the stock is owned by 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.