Lattice Semiconductor (LSCC) Upgraded to “Buy” at ValuEngine

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 8th. Zacks Investment Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday, October 10th. Finally, Craig Hallum set a $9.00 price objective on shares of Lattice Semiconductor and gave the stock a “hold” rating in a research note on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.13.

LSCC traded up $0.48 during midday trading on Thursday, hitting $6.99. 3,304,000 shares of the company traded hands, compared to its average volume of 1,130,795. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.07 and a current ratio of 4.00. The stock has a market capitalization of $843.21 million, a P/E ratio of 43.40, a P/E/G ratio of 2.36 and a beta of 1.83. Lattice Semiconductor has a 52 week low of $5.05 and a 52 week high of $8.90.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Thursday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The business had revenue of $101.48 million for the quarter, compared to analysts’ expectations of $101.50 million. Lattice Semiconductor had a negative net margin of 6.64% and a positive return on equity of 8.68%. Research analysts forecast that Lattice Semiconductor will post 0.24 EPS for the current fiscal year.

In other Lattice Semiconductor news, CEO James Robert Anderson acquired 10,000 shares of the stock in a transaction dated Wednesday, November 21st. The shares were purchased at an average price of $5.67 per share, for a total transaction of $56,700.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $56,700. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, VP Byron Wayne Milstead sold 9,910 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $5.81, for a total transaction of $57,577.10. Following the completion of the transaction, the vice president now owns 23,063 shares in the company, valued at approximately $133,996.03. The disclosure for this sale can be found here. 2.79% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Lattice Semiconductor by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,291,967 shares of the semiconductor company’s stock worth $90,335,000 after acquiring an additional 899,669 shares in the last quarter. BlackRock Inc. increased its holdings in Lattice Semiconductor by 4.4% in the 3rd quarter. BlackRock Inc. now owns 8,116,114 shares of the semiconductor company’s stock worth $64,929,000 after acquiring an additional 341,529 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Lattice Semiconductor by 6.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,539,599 shares of the semiconductor company’s stock worth $36,315,000 after acquiring an additional 255,571 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Lattice Semiconductor by 30.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,414,311 shares of the semiconductor company’s stock worth $11,314,000 after acquiring an additional 330,310 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Lattice Semiconductor by 1,097.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,062,804 shares of the semiconductor company’s stock worth $8,503,000 after acquiring an additional 974,082 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

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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