Equities research analysts at William Blair initiated coverage on shares of Lattice Semiconductor (NASDAQ:LSCC) in a note issued to investors on Tuesday, The Fly reports. The firm set an “outperform” rating on the semiconductor company’s stock.
LSCC has been the subject of several other research reports. ValuEngine lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, October 30th. BidaskClub lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Cowen boosted their target price on shares of Lattice Semiconductor from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Lattice Semiconductor has an average rating of “Buy” and an average target price of $15.61.
LSCC stock opened at $18.59 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.94 and a quick ratio of 2.20. Lattice Semiconductor has a 1 year low of $5.93 and a 1 year high of $21.58. The company has a market cap of $2.52 billion, a P/E ratio of 84.50, a price-to-earnings-growth ratio of 3.38 and a beta of 1.32. The stock’s fifty day moving average price is $19.22 and its 200-day moving average price is $17.43.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Lattice Semiconductor had a return on equity of 18.64% and a net margin of 5.60%. The company had revenue of $103.47 million during the quarter, compared to analysts’ expectations of $103.06 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. Lattice Semiconductor’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts expect that Lattice Semiconductor will post 0.45 earnings per share for the current year.
In other news, Director Mark Edwin Jensen sold 4,000 shares of Lattice Semiconductor stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $19.85, for a total transaction of $79,400.00. Following the transaction, the director now directly owns 81,697 shares of the company’s stock, valued at approximately $1,621,685.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephen Douglass sold 13,298 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $19.66, for a total value of $261,438.68. Following the transaction, the vice president now owns 39,890 shares of the company’s stock, valued at $784,237.40. The disclosure for this sale can be found here. Insiders have sold 99,847 shares of company stock valued at $1,939,991 in the last three months. 0.78% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSCC. Sciencast Management LP bought a new position in shares of Lattice Semiconductor in the second quarter worth approximately $277,000. Aperio Group LLC boosted its holdings in Lattice Semiconductor by 15.5% in the 2nd quarter. Aperio Group LLC now owns 19,214 shares of the semiconductor company’s stock worth $280,000 after buying an additional 2,572 shares during the period. Penserra Capital Management LLC increased its stake in Lattice Semiconductor by 20.9% in the 3rd quarter. Penserra Capital Management LLC now owns 42,362 shares of the semiconductor company’s stock worth $774,000 after buying an additional 7,322 shares in the last quarter. Delta Investment Management LLC bought a new stake in Lattice Semiconductor during the third quarter valued at about $1,880,000. Finally, Lisanti Capital Growth LLC raised its holdings in Lattice Semiconductor by 148.0% during the third quarter. Lisanti Capital Growth LLC now owns 253,800 shares of the semiconductor company’s stock valued at $4,641,000 after acquiring an additional 151,475 shares during the period. Institutional investors own 95.34% of the company’s stock.
Lattice Semiconductor Company Profile
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.
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