Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The stock traded as low as $46.42 and last traded at $48.93, with a volume of 1764313 shares trading hands. The stock had previously closed at $48.25.
Analyst Ratings Changes
A number of brokerages have recently issued reports on LSCC. Benchmark boosted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. KeyCorp increased their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. StockNews.com downgraded Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Loop Capital began coverage on Lattice Semiconductor in a research report on Friday, April 4th. They issued a "buy" rating and a $85.00 price objective for the company. Finally, Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.69.
Get Our Latest Stock Analysis on LSCC
Lattice Semiconductor Stock Performance
The company has a 50-day moving average of $52.38 and a 200-day moving average of $55.43. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 117.93, a P/E/G ratio of 3.03 and a beta of 1.64.
Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.
Insider Activity at Lattice Semiconductor
In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares of the company's stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now directly owns 122,538 shares of the company's stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in LSCC. Allworth Financial LP grew its stake in Lattice Semiconductor by 65.7% in the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 222 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Lattice Semiconductor by 209.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 410 shares in the last quarter. UMB Bank n.a. lifted its stake in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Lattice Semiconductor in the fourth quarter worth $38,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Lattice Semiconductor by 102.7% during 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 during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.
Lattice Semiconductor Company Profile
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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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