Lattice Semiconductor (NASDAQ:LSCC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs. “
Several other analysts have also recently commented on the company. ValuEngine upgraded Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Jefferies Financial Group lifted their price target on Lattice Semiconductor to $10.50 in a report on Wednesday. Susquehanna Bancshares upgraded Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $11.00 price target for the company in a report on Wednesday. $1 upgraded Lattice Semiconductor from a “neutral” rating to a “positive” rating and lifted their price target for the company from $8.00 to $11.00 in a report on Wednesday. Finally, BidaskClub upgraded Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 12th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $9.61.
LSCC opened at $10.60 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.00 and a quick ratio of 3.07. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. Lattice Semiconductor has a 12 month low of $5.05 and a 12 month high of $10.71.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $96.00 million during the quarter, compared to analysts’ expectations of $95.10 million. Lattice Semiconductor had a positive return on equity of 8.68% and a negative net margin of 6.64%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Lattice Semiconductor will post 0.24 EPS for the current fiscal year.
In other news, VP Esam Elashmawi acquired 20,000 shares of Lattice Semiconductor stock in a transaction dated Monday, November 26th. The shares were acquired at an average cost of $5.66 per share, with a total value of $113,200.00. Following the purchase, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $113,200. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Robert Anderson acquired 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, November 21st. The stock was purchased at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $56,700. The disclosure for this purchase can be found here. Insiders own 2.83% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Lattice Semiconductor in the second quarter worth $152,000. Victory Capital Management Inc. lifted its stake in Lattice Semiconductor by 134.1% in the third quarter. Victory Capital Management Inc. now owns 367,860 shares of the semiconductor company’s stock worth $2,943,000 after purchasing an additional 210,722 shares during the last quarter. Engineers Gate Manager LP lifted its stake in Lattice Semiconductor by 468.5% in the third quarter. Engineers Gate Manager LP now owns 238,337 shares of the semiconductor company’s stock worth $1,907,000 after purchasing an additional 196,414 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Lattice Semiconductor by 9.5% in the third quarter. Wells Fargo & Company MN now owns 251,746 shares of the semiconductor company’s stock worth $2,014,000 after purchasing an additional 21,758 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Lattice Semiconductor by 335.5% in the third quarter. American Century Companies Inc. now owns 858,198 shares of the semiconductor company’s stock worth $6,866,000 after purchasing an additional 661,150 shares during the last quarter. 92.54% of the stock is currently owned by institutional investors and hedge funds.
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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