Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) had its price objective lowered by equities researchers at TD Cowen from $60.00 to $50.00 in a report released on Tuesday, Briefing.com reports. The firm currently has a "buy" rating on the semiconductor company's stock. TD Cowen's price objective suggests a potential downside of 3.64% from the company's previous close.
A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus raised Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Tuesday, September 17th. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a report on Monday. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, August 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.25.
Read Our Latest Stock Report on LSCC
NASDAQ:LSCC opened at $51.89 on Tuesday. The firm has a market capitalization of $7.15 billion, a PE ratio of 38.15 and a beta of 1.39. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The firm's fifty day simple moving average is $50.15 and its 200 day simple moving average is $57.27.
In related news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company's stock, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the transaction, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares of the company's stock, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Rokos Capital Management LLP boosted its holdings in shares of Lattice Semiconductor by 1,592.8% in the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company's stock valued at $94,896,000 after buying an additional 1,141,230 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Lattice Semiconductor by 78.7% in the first quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company's stock valued at $195,179,000 after acquiring an additional 1,098,962 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company's stock valued at $63,456,000 after purchasing an additional 426,511 shares during the period. Clearbridge Investments LLC raised its stake in Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company's stock valued at $105,669,000 after buying an additional 294,290 shares during the period. Finally, TD Asset Management Inc raised its stake in Lattice Semiconductor by 34.8% in the 1st quarter. TD Asset Management Inc now owns 993,346 shares of the semiconductor company's stock valued at $77,709,000 after acquiring an additional 256,405 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.
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.
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