Lattice Semiconductor (NASDAQ:LSCC) Sets New 1-Year Low – What’s Next?

Lattice Semiconductor Co. (NASDAQ:LSCC)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $40.30 and last traded at $39.90, with a volume of 1326262 shares trading hands. The stock had previously closed at $43.06.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LSCC. KeyCorp raised their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Loop Capital assumed coverage on shares of Lattice Semiconductor in a research report on Friday. They issued a “buy” rating and a $85.00 price target for the company. Susquehanna increased their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, Benchmark increased their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two research 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’s stock. Based on data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $67.69.

Lattice Semiconductor Stock Performance

The company has a market capitalization of $5.37 billion, a P/E ratio of 88.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The firm’s fifty day moving average is $59.29 and its 200-day moving average is $56.62.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) 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%. As a group, analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor 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 sale, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 14,740 shares of company stock worth $943,026. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB increased its stake in shares of Lattice Semiconductor by 209.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 410 shares during the period. Wellington Management Group LLP boosted its holdings in Lattice Semiconductor by 42.7% in the fourth quarter. Wellington Management Group LLP now owns 532,111 shares of the semiconductor company’s stock valued at $30,144,000 after acquiring an additional 159,242 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new stake in Lattice Semiconductor during the 4th quarter valued at approximately $1,209,000. Polar Asset Management Partners Inc. bought a new position in Lattice Semiconductor during the 4th quarter worth approximately $5,353,000. Finally, American Trust acquired a new position in shares of Lattice Semiconductor in the 4th quarter worth approximately $222,000. 98.08% of the stock is owned by institutional investors.

About Lattice Semiconductor

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.