Lattice Semiconductor Corp (NASDAQ:LSCC) has earned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $7.95.
LSCC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Lattice Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 18th. BidaskClub lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Dougherty & Co initiated coverage on shares of Lattice Semiconductor in a research note on Thursday, June 28th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, ValuEngine upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th.
Shares of NASDAQ:LSCC traded down $0.10 during mid-day trading on Friday, reaching $7.56. The company had a trading volume of 1,707,432 shares, compared to its average volume of 1,629,759. The company has a current ratio of 3.11, a quick ratio of 3.07 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $970.98 million, a PE ratio of 85.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.67. Lattice Semiconductor has a one year low of $5.05 and a one year high of $7.98.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Thursday, August 9th. The semiconductor company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Lattice Semiconductor had a negative net margin of 19.67% and a positive return on equity of 5.21%. research analysts predict that Lattice Semiconductor will post 0.27 earnings per share for the current year.
In related news, CFO Maxwell J. Downing sold 6,563 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $7.59, for a total value of $49,813.17. Following the completion of the transaction, the chief financial officer now directly owns 36,212 shares in the company, valued at approximately $274,849.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.79% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP grew its position in shares of Lattice Semiconductor by 157.4% during the 1st quarter. Trexquant Investment LP now owns 117,685 shares of the semiconductor company’s stock valued at $656,000 after purchasing an additional 71,973 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of Lattice Semiconductor by 25.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 48,261 shares of the semiconductor company’s stock valued at $269,000 after purchasing an additional 9,687 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Lattice Semiconductor by 122.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 697,869 shares of the semiconductor company’s stock valued at $4,034,000 after purchasing an additional 384,596 shares in the last quarter. Barclays PLC grew its position in shares of Lattice Semiconductor by 137.6% during the 1st quarter. Barclays PLC now owns 46,442 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 26,895 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Lattice Semiconductor by 1.0% during the 4th quarter. BlackRock Inc. now owns 7,596,718 shares of the semiconductor company’s stock valued at $43,907,000 after purchasing an additional 74,922 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.
About Lattice Semiconductor
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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