Wall Street Zen Downgrades Lattice Semiconductor (NASDAQ:LSCC) to Hold

Lattice Semiconductor (NASDAQ:LSCC) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms have also recently issued reports on LSCC. Rosenblatt Securities upped their price objective on Lattice Semiconductor from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lattice Semiconductor in a research note on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, November 4th. Jefferies Financial Group raised shares of Lattice Semiconductor to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Williams Trading set a $82.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $82.38.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $86.41 on Friday. Lattice Semiconductor has a fifty-two week low of $34.69 and a fifty-two week high of $89.92. The stock has a market cap of $11.82 billion, a P/E ratio of 432.07, a price-to-earnings-growth ratio of 3.74 and a beta of 1.70. The firm’s fifty day moving average price is $79.56 and its 200-day moving average price is $70.88.

Insider Activity at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 9,965 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $73.44, for a total transaction of $731,829.60. Following the completion of the transaction, the senior vice president directly owned 61,740 shares of the company’s stock, valued at approximately $4,534,185.60. This represents a 13.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonya Stevens sold 2,593 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $66.75, for a total transaction of $173,082.75. Following the sale, the chief accounting officer owned 74,505 shares of the company’s stock, valued at approximately $4,973,208.75. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,105 shares of company stock worth $1,369,590 in the last three months. 1.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legato Capital Management LLC lifted its holdings in Lattice Semiconductor by 41.2% in the 4th quarter. Legato Capital Management LLC now owns 24,886 shares of the semiconductor company’s stock worth $1,831,000 after buying an additional 7,259 shares during the period. Tensor Edge Capital LLC bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at approximately $8,830,000. Global Retirement Partners LLC lifted its stake in Lattice Semiconductor by 395.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,656 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 1,322 shares during the period. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Lattice Semiconductor in the fourth quarter worth $8,344,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Lattice Semiconductor by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,414 shares of the semiconductor company’s stock valued at $1,281,000 after acquiring an additional 1,003 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.

The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.