TD Cowen Trims Lattice Semiconductor (NASDAQ:LSCC) Target Price to $60.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective decreased by TD Cowen from $80.00 to $60.00 in a report published on Tuesday morning, Marketbeat Ratings reports. TD Cowen currently has a buy rating on the semiconductor company’s stock.

Several other analysts have also recently weighed in on LSCC. Bank of America cut shares of Lattice Semiconductor from a neutral rating to an underperform rating and reduced their target price for the company from $83.00 to $47.00 in a report on Tuesday. StockNews.com upgraded Lattice Semiconductor from a sell rating to a hold rating in a research note on Friday, July 26th. Jefferies Financial Group reaffirmed a buy rating and set a $88.00 price objective (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Rosenblatt Securities restated a buy rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a buy rating and issued a $80.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $66.55.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $48.45 on Tuesday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 31.06, a PEG ratio of 11.53 and a beta of 1.39. The firm’s 50-day moving average is $60.96 and its two-hundred day moving average is $68.51. Lattice Semiconductor has a 12 month low of $47.58 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. During the same period in the previous year, the business posted $0.40 EPS. The business’s revenue for the quarter was down 34.7% on a year-over-year basis. As a group, analysts anticipate that Lattice Semiconductor will post 0.68 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,210 shares of Lattice Semiconductor stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $72.97, for a total value of $88,293.70. Following the sale, the senior vice president now owns 14,554 shares of the company’s stock, valued at $1,062,005.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,210 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $72.97, for a total value of $88,293.70. Following the sale, the senior vice president now owns 14,554 shares of the company’s stock, valued at approximately $1,062,005.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Glenn O’rourke sold 1,241 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total value of $92,504.14. Following the completion of the sale, the senior vice president now owns 12,084 shares in the company, valued at $900,741.36. The disclosure for this sale can be found here. Insiders have sold a total of 49,566 shares of company stock worth $3,664,529 in the last three months. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its holdings in Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. Rise Advisors LLC acquired a new position in Lattice Semiconductor in the 1st quarter valued at about $30,000. American National Bank purchased a new position in Lattice Semiconductor in the 4th quarter valued at about $28,000. GAMMA Investing LLC purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth about $28,000. Finally, Principal Securities Inc. acquired a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $31,000. 98.08% of the stock is owned by hedge funds and other 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.