Lattice Semiconductor (NASDAQ:LSCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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 equities analysts have also recently commented on LSCC. BidaskClub upgraded Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 31st. ValuEngine upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Robert W. Baird increased their target price on Lattice Semiconductor from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Finally, Craig Hallum set a $9.00 price objective on Lattice Semiconductor and gave the stock a “hold” rating in a research note on Wednesday, October 3rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.13.
Lattice Semiconductor stock opened at $5.59 on Wednesday. The company has a market cap of $751.24 million, a PE ratio of 38.67, a price-to-earnings-growth ratio of 2.10 and a beta of 1.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.00 and a quick ratio of 3.07. Lattice Semiconductor has a 52 week low of $5.05 and a 52 week high of $8.90.
Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Thursday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The company had revenue of $101.48 million during the quarter, compared to analysts’ expectations of $101.50 million. Lattice Semiconductor had a positive return on equity of 8.68% and a negative net margin of 6.64%. As a group, analysts forecast that Lattice Semiconductor will post 0.24 earnings per share for the current year.
In related news, VP Glen Hawk sold 20,929 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $8.05, for a total transaction of $168,478.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Maxwell J. Downing sold 118,860 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $8.13, for a total value of $966,331.80. Following the transaction, the chief financial officer now owns 44,458 shares in the company, valued at $361,443.54. The disclosure for this sale can be found here. Insiders have sold 149,699 shares of company stock worth $1,192,387 over the last 90 days. 2.83% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Lattice Semiconductor by 4.4% in the third quarter. BlackRock Inc. now owns 8,116,114 shares of the semiconductor company’s stock valued at $64,929,000 after buying an additional 341,529 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Lattice Semiconductor by 6.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,539,599 shares of the semiconductor company’s stock valued at $36,315,000 after buying an additional 255,571 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Lattice Semiconductor by 30.5% in the third quarter. TIAA CREF Investment Management LLC now owns 1,414,311 shares of the semiconductor company’s stock valued at $11,314,000 after buying an additional 330,310 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Lattice Semiconductor by 1,097.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,062,804 shares of the semiconductor company’s stock valued at $8,503,000 after buying an additional 974,082 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 valued at $6,866,000 after buying an additional 661,150 shares during the last quarter. Hedge funds and other institutional investors own 86.20% 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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