Lattice Semiconductor (NASDAQ:LSCC) Trading Down 4%

Lattice Semiconductor Co. (NASDAQ:LSCC) shares were down 4% during trading on Thursday . The stock traded as low as $58.97 and last traded at $59.14. Approximately 816,978 shares changed hands during trading, a decline of 62% from the average daily volume of 2,135,353 shares. The stock had previously closed at $61.60.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LSCC shares. Robert W. Baird increased their target price on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Susquehanna increased their price objective on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research report on Tuesday, April 30th. Finally, Bank of America increased their price objective on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.09.

Lattice Semiconductor Stock Down 4.8 %

The company’s 50 day moving average is $65.89 and its 200 day moving average is $69.77. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 39.49, a P/E/G ratio of 13.42 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The business had revenue of $140.82 million for the quarter, compared to the consensus estimate of $140.08 million. On average, analysts expect that Lattice Semiconductor Co. will post 0.68 EPS for the current year.

Insider Activity at Lattice Semiconductor

In related news, SVP Glenn O’rourke sold 1,241 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total value of $92,504.14. Following the transaction, the senior vice president now directly owns 12,084 shares in the company, valued at $900,741.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lattice Semiconductor news, SVP Glenn O’rourke sold 1,241 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total transaction of $92,504.14. Following the sale, the senior vice president now directly owns 12,084 shares in the company, valued at $900,741.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the sale, the director now owns 1,920 shares in the company, valued at $132,864. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,566 shares of company stock worth $3,664,529. Corporate insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of large investors have recently bought and sold shares of LSCC. Artisan Partners Limited Partnership boosted its stake in shares of Lattice Semiconductor by 6.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after purchasing an additional 611,550 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Lattice Semiconductor by 43.5% in the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after purchasing an additional 1,889,110 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Lattice Semiconductor by 78.7% in the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock valued at $195,179,000 after purchasing an additional 1,098,962 shares in the last quarter. Robeco Schweiz AG boosted its stake in shares of Lattice Semiconductor by 9.5% in the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after purchasing an additional 132,000 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Lattice Semiconductor in the 4th quarter valued at approximately $98,684,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.