Lattice Semiconductor (NASDAQ:LSCC) Given New $44.00 Price Target at Robert W. Baird

Lattice Semiconductor (NASDAQ:LSCC) had its price objective decreased by Robert W. Baird from $70.00 to $44.00 in a report issued on Tuesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the semiconductor company’s stock.

Several other equities research analysts have also recently issued reports on LSCC. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, September 17th. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. KeyCorp reduced their price target on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Finally, Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor Trading Down 1.4 %

NASDAQ:LSCC opened at $51.18 on Tuesday. The stock has a 50-day moving average price of $50.24 and a 200 day moving average price of $57.17. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The stock has a market capitalization of $7.05 billion, a P/E ratio of 37.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, research analysts predict that Lattice Semiconductor will post 0.59 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Mark Jon Nelson sold 1,232 shares of the company’s 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 of the company’s stock, valued at $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. The trade was 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 Investors Weigh In On Lattice Semiconductor

A number of large investors have recently made changes to their positions in LSCC. Norden Group LLC raised its stake in Lattice Semiconductor by 43.4% in the 1st quarter. Norden Group LLC now owns 7,372 shares of the semiconductor company’s stock worth $577,000 after acquiring an additional 2,232 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Lattice Semiconductor by 5.9% in the first quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the semiconductor company’s stock worth $704,000 after purchasing an additional 500 shares during the last quarter. Larson Financial Group LLC boosted its position in Lattice Semiconductor by 159.6% in the first quarter. Larson Financial Group LLC now owns 2,300 shares of the semiconductor company’s stock valued at $180,000 after buying an additional 1,414 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in Lattice Semiconductor in the 1st quarter worth approximately $2,276,000. Finally, Texas Permanent School Fund Corp raised its position in Lattice Semiconductor by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 120,801 shares of the semiconductor company’s stock worth $9,450,000 after buying an additional 1,565 shares during the last quarter. 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.