Lattice Semiconductor (NASDAQ:LSCC) Hits New 12-Month Low – Should You Sell?

by · The Cerbat Gem

Shares of Lattice Semiconductor Co. (NASDAQ:LSCC – Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $40.30 and last traded at $39.90, with a volume of 1326262 shares traded. The stock had previously closed at $43.06.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Loop Capital started coverage on Lattice Semiconductor in a research note on Friday. They issued a “buy” rating and a $85.00 target price on the stock. Susquehanna increased their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average price target of $67.69.

Check Out Our Latest Stock Report on Lattice Semiconductor

Lattice Semiconductor Trading Down 6.4 %

The business’s 50-day simple moving average is $59.65 and its 200-day simple moving average is $56.67. The company has a market capitalization of $5.55 billion, a PE ratio of 91.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares of the company’s stock, valued at $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. Insiders have sold a total of 14,740 shares of company stock valued at $943,026 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its stake in Lattice Semiconductor by 209.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock worth $32,000 after buying an additional 410 shares in the last quarter. UMB Bank n.a. lifted its stake in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 340 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

About Lattice Semiconductor

(Get Free Report)

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.

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