Deutsche Bank Aktiengesellschaft Trims Lattice Semiconductor (NASDAQ:LSCC) Target Price to $56.00

Lattice Semiconductor (NASDAQ:LSCC) had its price target cut by Deutsche Bank Aktiengesellschaft from $82.00 to $56.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other equities analysts have also recently commented on LSCC. Bank of America cut Lattice Semiconductor from a neutral rating to an underperform rating and decreased their price target for the stock from $83.00 to $47.00 in a research note on Tuesday. Robert W. Baird boosted their target price on Lattice Semiconductor from $60.00 to $70.00 and gave the company an outperform rating in a research note on Tuesday, April 30th. StockNews.com raised Lattice Semiconductor from a sell rating to a hold rating in a research note on Friday, July 26th. Benchmark reissued a buy rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Thursday, July 18th. Finally, Needham & Company LLC reduced their target price on Lattice Semiconductor from $80.00 to $61.00 and set a buy rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of Moderate Buy and a consensus price target of $66.55.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $45.08 on Tuesday. The business has a 50 day moving average of $60.33 and a 200 day moving average of $68.37. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 11.53 and a beta of 1.39. Lattice Semiconductor has a 1-year low of $44.51 and a 1-year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results 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). The firm had revenue of $124.08 million during the quarter, compared to the consensus estimate of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. As a group, sell-side analysts anticipate that Lattice Semiconductor will post 0.68 EPS for the current year.

Insider Buying and Selling

In related news, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the sale, the director now directly owns 1,920 shares of the company’s stock, valued at $132,864. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Lattice Semiconductor news, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the sale, the chief executive officer now directly owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at $132,864. The disclosure for this sale can be found here. Insiders have sold a total of 49,566 shares of company stock valued at $3,664,529 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at $28,000. American National Bank bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at $28,000. Rise Advisors LLC bought a new position in shares of Lattice Semiconductor during the first quarter valued at $30,000. Finally, Principal Securities Inc. bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at $31,000. 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.