Lattice Semiconductor Corporation (LSCC) Given Buy Rating at Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) in a research note issued to investors on Friday morning. They currently have a $7.00 target price on the semiconductor company’s stock.

Several other research firms have also weighed in on LSCC. BidaskClub lowered Lattice Semiconductor Corporation from a sell rating to a strong sell rating in a report on Saturday, August 12th. Zacks Investment Research lowered Lattice Semiconductor Corporation from a hold rating to a strong sell rating in a report on Friday, October 20th. Craig Hallum reiterated a hold rating and set a $6.00 target price (down from $8.30) on shares of Lattice Semiconductor Corporation in a report on Thursday, September 14th. Robert W. Baird reiterated a hold rating and set a $8.00 target price on shares of Lattice Semiconductor Corporation in a report on Sunday, September 17th. Finally, ValuEngine lowered Lattice Semiconductor Corporation from a hold rating to a sell rating in a report on Monday, September 18th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $7.00.

Lattice Semiconductor Corporation (LSCC) traded up $0.06 during mid-day trading on Friday, reaching $6.45. The company’s stock had a trading volume of 1,212,400 shares, compared to its average volume of 1,421,929. The company has a current ratio of 2.30, a quick ratio of 1.63 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $795.71, a price-to-earnings ratio of 71.67 and a beta of 1.58. Lattice Semiconductor Corporation has a 52-week low of $5.05 and a 52-week high of $7.84.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last posted its earnings results on Tuesday, November 7th. The semiconductor company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $91.97 million for the quarter, compared to analyst estimates of $92.00 million. Lattice Semiconductor Corporation had a positive return on equity of 4.19% and a negative net margin of 17.49%. During the same period in the previous year, the company posted $0.05 earnings per share.

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Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted 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 valued at $159,000 after purchasing an additional 510 shares in the last quarter. Amalgamated Bank lifted 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 valued at $105,000 after purchasing an additional 1,102 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Lattice Semiconductor Corporation by 2.7% in the second quarter. Legal & General Group Plc now owns 43,266 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 1,148 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Lattice Semiconductor Corporation by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 96,271 shares of the semiconductor company’s stock valued at $641,000 after purchasing an additional 3,086 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Lattice Semiconductor Corporation by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 498,295 shares of the semiconductor company’s stock valued at $3,317,000 after purchasing an additional 3,316 shares in the last quarter. 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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