Lattice Semiconductor (LSCC) Shares Down 9.3%

Lattice Semiconductor Corp (NASDAQ:LSCC) dropped 9.3% on Friday . The company traded as low as $12.24 and last traded at $12.33. Approximately 2,562,006 shares traded hands during trading, an increase of 32% from the average daily volume of 1,946,352 shares. The stock had previously closed at $13.59.

LSCC has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Friday, May 3rd. ValuEngine raised shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Cowen initiated coverage on shares of Lattice Semiconductor in a report on Friday, February 22nd. They set an “outperform” rating and a $15.00 price target for the company. Susquehanna Bancshares raised shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $11.00 price target for the company in a report on Wednesday, February 13th. Finally, Jefferies Financial Group raised their price target on shares of Lattice Semiconductor to $10.50 in a report on Wednesday, February 13th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $11.80.

The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 56.05, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39. The company has a current ratio of 4.01, a quick ratio of 3.06 and a debt-to-equity ratio of 0.89.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The company had revenue of $98.09 million for the quarter, compared to analyst estimates of $96.01 million. Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. Lattice Semiconductor’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 earnings per share. Research analysts predict that Lattice Semiconductor Corp will post 0.38 EPS for the current year.

In other Lattice Semiconductor news, VP Byron Wayne Milstead sold 41,911 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $12.32, for a total transaction of $516,343.52. Following the completion of the transaction, the vice president now directly owns 54,296 shares of the company’s stock, valued at approximately $668,926.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Edwin Jensen sold 4,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $12.56, for a total transaction of $50,240.00. Following the transaction, the director now directly owns 67,434 shares of the company’s stock, valued at $846,971.04. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in LSCC. Pearl River Capital LLC acquired a new position in Lattice Semiconductor during the 4th quarter worth $27,000. Meeder Asset Management Inc. grew its holdings in Lattice Semiconductor by 157.3% during the 1st quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 3,091 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in Lattice Semiconductor during the 4th quarter worth $72,000. Bank of Montreal Can grew its holdings in Lattice Semiconductor by 226.5% during the 1st quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 4,231 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Lattice Semiconductor during the 4th quarter worth $81,000. 91.82% of the stock is owned by institutional investors.

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Lattice Semiconductor Company Profile (NASDAQ:LSCC)

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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