Research Analysts Issue Forecasts for Lattice Semiconductor Corporation’s Q3 2017 Earnings (LSCC)

Lattice Semiconductor Corporation (NASDAQ:LSCC) – Analysts at Jefferies Group cut their Q3 2017 earnings per share estimates for Lattice Semiconductor Corporation in a research note issued on Wednesday. Jefferies Group analyst M. Lipacis now expects that the semiconductor company will post earnings per share of ($0.01) for the quarter, down from their prior estimate of $0.02. Jefferies Group has a “Buy” rating and a $7.00 price target on the stock. Jefferies Group also issued estimates for Lattice Semiconductor Corporation’s Q4 2017 earnings at $0.01 EPS and Q1 2018 earnings at $0.05 EPS.



Several other research firms have also recently weighed in on LSCC. BidaskClub cut Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Craig Hallum restated a “hold” rating and set a $6.00 price target (down from $8.30) on shares of Lattice Semiconductor Corporation in a research note on Thursday, September 14th. Zacks Investment Research upgraded Lattice Semiconductor Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Robert W. Baird restated a “hold” rating and set a $8.00 price target on shares of Lattice Semiconductor Corporation in a research note on Sunday, September 17th. Finally, ValuEngine lowered Lattice Semiconductor Corporation from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $7.00.

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Shares of Lattice Semiconductor Corporation (NASDAQ LSCC) opened at 5.73 on Thursday. The firm’s market cap is $704.62 million. The firm’s 50-day moving average price is $5.48 and its 200-day moving average price is $6.38. Lattice Semiconductor Corporation has a 52 week low of $5.05 and a 52 week high of $7.99.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Lattice Semiconductor Corporation had a negative net margin of 9.50% and a positive return on equity of 3.95%. The business had revenue of $94.14 million for the quarter, compared to analyst estimates of $105.60 million.

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Fund Management S.A. increased its stake in Lattice Semiconductor Corporation by 124.3% during the second quarter. Capital Fund Management S.A. now owns 560,571 shares of the semiconductor company’s stock valued at $3,733,000 after acquiring an additional 310,616 shares during the period. Dumac Inc. bought a new position in Lattice Semiconductor Corporation during the second quarter valued at about $999,000. Teachers Advisors LLC increased its stake in Lattice Semiconductor Corporation by 1.7% during the first quarter. Teachers Advisors LLC now owns 202,251 shares of the semiconductor company’s stock valued at $1,400,000 after acquiring an additional 3,435 shares during the period. IndexIQ Advisors LLC increased its stake in Lattice Semiconductor Corporation by 49.9% during the second quarter. IndexIQ Advisors LLC now owns 173,867 shares of the semiconductor company’s stock valued at $1,158,000 after acquiring an additional 57,914 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Lattice Semiconductor Corporation by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,231,024 shares of the semiconductor company’s stock valued at $14,859,000 after acquiring an additional 150,000 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

About Lattice Semiconductor Corporation

Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.

Earnings History and Estimates for Lattice Semiconductor Corporation (NASDAQ:LSCC)

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