Zacks Investment Research Lowers Lattice Semiconductor Corporation (LSCC) to Strong Sell

Zacks Investment Research lowered shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) from a hold rating to a strong sell rating in a report issued on Tuesday morning.

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. “

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird reaffirmed a hold rating and issued a $8.00 price objective on shares of Lattice Semiconductor Corporation in a research note on Sunday, September 17th. Jefferies Group LLC lowered their price objective on shares of Lattice Semiconductor Corporation from $8.30 to $6.50 and set a hold rating on the stock in a research note on Thursday, September 14th. Craig Hallum reaffirmed a hold rating and issued a $6.00 price objective (down previously from $8.30) on shares of Lattice Semiconductor Corporation in a research note on Thursday, September 14th. ValuEngine cut shares of Lattice Semiconductor Corporation from a hold rating to a sell rating in a research note on Monday. Finally, BidaskClub cut shares of Lattice Semiconductor Corporation from a sell rating to a strong sell rating in a research note on Saturday, August 12th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has a consensus rating of Hold and a consensus price target of $6.83.

Shares of Lattice Semiconductor Corporation (LSCC) traded down 1.4907% during mid-day trading on Tuesday, hitting $5.2801. 100,574 shares of the company’s stock traded hands. Lattice Semiconductor Corporation has a 1-year low of $5.16 and a 1-year high of $7.99. The stock has a 50 day moving average price of $5.91 and a 200-day moving average price of $6.61. The stock’s market cap is $649.30 million.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.07). The business had revenue of $94.14 million during the quarter, compared to analyst estimates of $105.60 million. Lattice Semiconductor Corporation had a positive return on equity of 3.95% and a negative net margin of 9.50%. Equities research analysts anticipate that Lattice Semiconductor Corporation will post $0.13 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in LSCC. Amalgamated Bank boosted its holdings in shares of Lattice Semiconductor Corporation by 7.5% in the second quarter. Amalgamated Bank now owns 15,815 shares of the semiconductor company’s stock worth $105,000 after buying an additional 1,102 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Lattice Semiconductor Corporation in the second quarter worth about $107,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Lattice Semiconductor Corporation by 723.3% in the second quarter. BNP Paribas Arbitrage SA now owns 20,608 shares of the semiconductor company’s stock worth $137,000 after buying an additional 18,105 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Lattice Semiconductor Corporation by 2.3% in the first quarter. Principal Financial Group Inc. now owns 22,916 shares of the semiconductor company’s stock worth $159,000 after buying an additional 510 shares during the period. Finally, FNY Partners Fund LP boosted its holdings in shares of Lattice Semiconductor Corporation by 100.8% in the second quarter. FNY Partners Fund LP now owns 25,900 shares of the semiconductor company’s stock worth $172,000 after buying an additional 13,000 shares during the period. Institutional investors own 87.13% of the company’s stock.

Lattice Semiconductor Corporation Company Profile

Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.

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