BidaskClub upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a buy rating to a strong-buy rating in a research note released on Saturday morning, BidAskClub reports.
Other equities analysts have also recently issued reports about the company. Cowen lifted their price objective on Lattice Semiconductor from $27.00 to $33.00 and gave the stock an outperform rating in a report on Tuesday, June 23rd. Dougherty & Co reaffirmed a buy rating on shares of Lattice Semiconductor in a research report on Thursday, April 30th. Zacks Investment Research downgraded Lattice Semiconductor from a hold rating to a sell rating in a research report on Wednesday, June 24th. TheStreet cut Lattice Semiconductor from a b- rating to a c+ rating in a report on Tuesday, April 28th. Finally, Benchmark boosted their price objective on Lattice Semiconductor from $23.00 to $30.00 and gave the stock a buy rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $24.71.
Shares of LSCC stock opened at $27.30 on Friday. The stock has a fifty day moving average price of $25.72 and a 200 day moving average price of $20.91. The stock has a market cap of $3.71 billion, a PE ratio of 85.32, a P/E/G ratio of 7.87 and a beta of 1.27. Lattice Semiconductor has a 1 year low of $13.54 and a 1 year high of $28.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.88 and a current ratio of 3.40.
Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $97.32 million during the quarter, compared to analysts’ expectations of $98.29 million. Lattice Semiconductor had a return on equity of 20.60% and a net margin of 10.97%. Lattice Semiconductor’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, equities research analysts predict that Lattice Semiconductor will post 0.35 earnings per share for the current year.
In other Lattice Semiconductor news, VP Stephen Douglass sold 7,053 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $21.43, for a total transaction of $151,145.79. Following the transaction, the vice president now directly owns 31,284 shares of the company’s stock, valued at $670,416.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.24% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in LSCC. Ameritas Investment Partners Inc. lifted its stake in shares of Lattice Semiconductor by 5.6% in the first quarter. Ameritas Investment Partners Inc. now owns 11,207 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 591 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Lattice Semiconductor by 18.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 8,189 shares of the semiconductor company’s stock worth $156,000 after buying an additional 1,297 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Lattice Semiconductor by 6.0% during the fourth quarter. Amalgamated Bank now owns 23,511 shares of the semiconductor company’s stock worth $450,000 after buying an additional 1,325 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Lattice Semiconductor by 29.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,617 shares of the semiconductor company’s stock worth $171,000 after buying an additional 2,168 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Lattice Semiconductor by 20.4% in the fourth quarter. ProShare Advisors LLC now owns 17,105 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 2,898 shares in the last quarter.
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.
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