Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Down - Here's Why

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $43.64, but opened at $41.53. Lattice Semiconductor shares last traded at $42.25, with a volume of 139,687 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LSCC. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, February 10th. Needham & Company LLC restated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. StockNews.com cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Susquehanna raised their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Finally, KeyCorp upped their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.69.

Lattice Semiconductor Trading Up 1.4 %

The company has a market cap of $5.75 billion, a price-to-earnings ratio of 94.91, a PEG ratio of 3.03 and a beta of 1.64. The business has a fifty day moving average of $56.04 and a two-hundred day moving average of $55.74.

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

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares of the company's stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction 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 in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Institutional Trading of Lattice Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC increased its position in shares of Lattice Semiconductor by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock valued at $170,000 after acquiring an additional 163 shares during the last quarter. Lindbrook Capital LLC raised its position in Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after purchasing an additional 190 shares during the period. Tidal Investments LLC lifted its stake in Lattice Semiconductor by 2.0% during the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after purchasing an additional 224 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after buying an additional 231 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its holdings in shares of Lattice Semiconductor by 2.3% in the first quarter. Global X Japan Co. Ltd. now owns 11,441 shares of the semiconductor company's stock valued at $600,000 after purchasing an additional 252 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

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.