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

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

LSCC has been the subject of several other research reports. Raymond James reiterated an “outperform” rating and issued a $64.00 price objective (down previously from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. KeyCorp dropped their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday. Finally, Robert W. Baird boosted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average target price of $64.93.

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $49.18 on Tuesday. The company has a fifty day moving average price of $51.38 and a two-hundred day moving average price of $55.33. Lattice Semiconductor has a one year low of $34.69 and a one year high of $78.29. The stock has a market cap of $6.77 billion, a P/E ratio of 111.78, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $120.15 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 EPS. As a group, equities research analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now owns 122,538 shares in the company, 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. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its holdings in Lattice Semiconductor by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock worth $1,220,487,000 after purchasing an additional 478,440 shares during the last quarter. Vanguard Group Inc. raised its stake in Lattice Semiconductor by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after buying an additional 229,820 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock valued at $355,942,000 after buying an additional 4,676,100 shares during the period. Geode Capital Management LLC lifted its holdings in Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after buying an additional 74,655 shares during the period. Finally, Capital Research Global Investors boosted its position in Lattice Semiconductor by 10.6% during the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock valued at $127,944,000 after acquiring an additional 216,617 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.

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.