Lattice Semiconductor (NASDAQ:LSCC) Stock Price Down 3.7% – Should You Sell?

Lattice Semiconductor Co. (NASDAQ:LSCC) fell 3.7% during trading on Friday . The stock traded as low as $57.23 and last traded at $57.28. 244,019 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,659,579 shares. The stock had previously closed at $59.50.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Susquehanna upped their target price on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the stock a “positive” rating in a research note on Wednesday. KeyCorp increased their price objective on Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen lowered their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, StockNews.com raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.58.

Lattice Semiconductor Price Performance

The company has a market capitalization of $7.90 billion, a PE ratio of 55.59 and a beta of 1.41. The company’s 50 day simple moving average is $57.61 and its 200 day simple moving average is $53.28.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same period last year, the business earned $0.41 EPS. Lattice Semiconductor’s revenue for the quarter was down 33.9% compared to the same quarter last year. On average, equities analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Activity

In other Lattice Semiconductor news, 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 transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at $22,827.10. The trade was a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,022 shares of company stock valued at $596,502. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LSCC. Clearbridge Investments LLC boosted its stake in shares of Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after buying an additional 294,290 shares during the period. Dimensional Fund Advisors LP lifted its position in Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after acquiring an additional 426,511 shares during the period. Barclays PLC lifted its position in Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after acquiring an additional 372,301 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Lattice Semiconductor in the 3rd quarter valued at approximately $49,297,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Lattice Semiconductor by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock valued at $48,287,000 after purchasing an additional 22,770 shares during the period. 98.08% of the stock is currently 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.