TD Cowen Has Lowered Expectations for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Key Points

• TD Cowen has reduced the price target for Lattice Semiconductor from $62.00 to $57.00 while maintaining a "buy" rating, indicating a potential upside of 16.97% from the current price.
• Other analysts have also provided mixed ratings, with KeyCorp lowering their target to $70.00, while others like Robert W. Baird and Rosenblatt Securities raised their targets, suggesting overall confidence in the stock's performance.
• The company reported $123.97 million in revenue for the last quarter, slightly above estimates, with earnings per share matching expectations at $0.24.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) had its target price dropped by equities researchers at TD Cowen from $62.00 to $57.00 in a research report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the semiconductor company's stock. TD Cowen's target price points to a potential downside of 7.33% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities reiterated a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Raymond James Financial reiterated an "outperform" rating and issued a $64.00 target price (down previously from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Loop Capital reduced their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, KeyCorp dropped their target price on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of "Moderate Buy" and a consensus target price of $63.58.

Lattice Semiconductor Trading Up 1.3%

NASDAQ LSCC traded up $0.79 during trading hours on Tuesday, hitting $61.51. 3,805,152 shares of the company's stock were exchanged, compared to its average volume of 2,588,273. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 267.45, a PEG ratio of 4.29 and a beta of 1.52. The stock has a 50-day simple moving average of $51.54 and a 200 day simple moving average of $53.02. Lattice Semiconductor has a 1-year low of $34.69 and a 1-year high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, August 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 6.61% and a net margin of 6.47%. The business had revenue of $123.97 million during the quarter, compared to analyst estimates of $123.60 million. During the same period in the previous year, the company posted $0.23 EPS. The firm's revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Lattice Semiconductor will post 0.65 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the sale, the director owned 8,084 shares of the company's stock, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the completion of the sale, the senior vice president directly owned 87,106 shares in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Lattice Semiconductor by 8.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,794 shares of the semiconductor company's stock valued at $514,000 after purchasing an additional 787 shares during the last quarter. SG Americas Securities LLC raised its position in Lattice Semiconductor by 326.8% in the first quarter. SG Americas Securities LLC now owns 7,824 shares of the semiconductor company's stock worth $410,000 after acquiring an additional 5,991 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Lattice Semiconductor in the 1st quarter worth $566,000. Teacher Retirement System of Texas bought a new position in Lattice Semiconductor in the 1st quarter worth $1,058,000. Finally, GAMMA Investing LLC lifted its position in Lattice Semiconductor by 53.0% during the first quarter. GAMMA Investing LLC now owns 4,166 shares of the semiconductor company's stock valued at $219,000 after purchasing an additional 1,443 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

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.