BidaskClub upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a buy rating to a strong-buy rating in a research note released on Tuesday morning, BidAskClub reports.
Other research analysts have also issued reports about the stock. Rosenblatt Securities reaffirmed a buy rating and issued a $15.00 price objective on shares of Lattice Semiconductor in a research note on Monday, May 20th. Cowen reaffirmed an outperform rating and issued a $18.00 price objective (up from $16.00) on shares of Lattice Semiconductor in a research note on Tuesday. raised shares of Lattice Semiconductor from a neutral rating to a positive rating and raised their price objective for the company from $8.00 to $11.00 in a research note on Wednesday, February 13th. Zacks Investment Research lowered shares of Lattice Semiconductor from a buy rating to a hold rating in a research note on Thursday, February 14th. Finally, raised shares of Lattice Semiconductor from a neutral rating to a positive rating and raised their price target for the company from $8.00 to $11.00 in a research report on Wednesday, February 13th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company’s stock. Lattice Semiconductor has an average rating of Buy and an average price target of $12.15.
NASDAQ:LSCC opened at $15.01 on Tuesday. The company has a quick ratio of 3.06, a current ratio of 4.01 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 68.23, a P/E/G ratio of 2.97 and a beta of 1.33. Lattice Semiconductor has a 12 month low of $5.38 and a 12 month high of $15.21.
Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.47%. The business had revenue of $98.09 million during the quarter, compared to the consensus estimate of $96.01 million. During the same period last year, the business posted $0.05 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts anticipate that Lattice Semiconductor will post 0.39 EPS for the current year.
In related news, VP Esam Elashmawi acquired 5,000 shares of the stock in a transaction on Friday, May 31st. The shares were acquired at an average price of $12.17 per share, with a total value of $60,850.00. Following the completion of the transaction, the vice president now owns 25,000 shares in the company, valued at approximately $304,250. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark Edwin Jensen sold 4,000 shares of Lattice Semiconductor stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $12.56, for a total transaction of $50,240.00. Following the completion of the sale, the director now directly owns 67,434 shares in the company, valued at approximately $846,971.04. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. raised its position in Lattice Semiconductor by 679.6% in the first quarter. Marshall Wace North America L.P. now owns 426,868 shares of the semiconductor company’s stock worth $5,093,000 after acquiring an additional 372,110 shares during the period. Nordea Investment Management AB bought a new stake in Lattice Semiconductor in the first quarter worth about $2,229,000. Schonfeld Strategic Advisors LLC bought a new stake in Lattice Semiconductor in the first quarter worth about $390,000. Morgan Stanley raised its position in Lattice Semiconductor by 246.0% in the first quarter. Morgan Stanley now owns 1,073,613 shares of the semiconductor company’s stock worth $12,808,000 after acquiring an additional 763,352 shares during the period. Finally, KCL Capital L.P. raised its position in Lattice Semiconductor by 227.1% in the first quarter. KCL Capital L.P. now owns 899,599 shares of the semiconductor company’s stock worth $10,733,000 after acquiring an additional 624,599 shares during the period. 90.34% 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 technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
See Also: Trade War
Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.