BidaskClub upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a sell rating to a hold rating in a research note issued to investors on Friday morning.
Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of Lattice Semiconductor from a hold rating to a sell rating in a report on Sunday, December 31st. Jefferies Group upgraded shares of Lattice Semiconductor from a hold rating to a buy rating and set a $7.00 price objective on the stock in a report on Wednesday, October 18th. Finally, Zacks Investment Research lowered shares of Lattice Semiconductor from a hold rating to a strong sell rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $7.00.
Lattice Semiconductor (NASDAQ:LSCC) traded up $0.13 on Friday, reaching $6.50. 1,222,613 shares of the company’s stock traded hands, compared to its average volume of 761,471. The company has a current ratio of 2.20, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $785.84, a price-to-earnings ratio of -11.02, a PEG ratio of 1.20 and a beta of 1.57. Lattice Semiconductor has a 12 month low of $5.05 and a 12 month high of $7.55.
Lattice Semiconductor (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 company had revenue of $91.97 million for the quarter, compared to analyst estimates of $92.00 million. Lattice Semiconductor had a negative net margin of 17.49% and a positive return on equity of 4.39%. During the same period last year, the business posted $0.05 earnings per share. research analysts forecast that Lattice Semiconductor will post 0.05 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of LSCC. OxFORD Asset Management LLP acquired a new stake in shares of Lattice Semiconductor during the third quarter worth $9,232,000. CNH Partners LLC raised its holdings in shares of Lattice Semiconductor by 33.8% during the second quarter. CNH Partners LLC now owns 3,813,337 shares of the semiconductor company’s stock worth $25,397,000 after acquiring an additional 963,375 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Lattice Semiconductor by 7,975.8% during the third quarter. Great West Life Assurance Co. Can now owns 846,424 shares of the semiconductor company’s stock worth $4,385,000 after acquiring an additional 835,943 shares during the period. City Financial Investment Co Ltd acquired a new stake in shares of Lattice Semiconductor during the second quarter worth $5,328,000. Finally, State of Wisconsin Investment Board grew its position in Lattice Semiconductor by 67.2% in the third quarter. State of Wisconsin Investment Board now owns 1,549,462 shares of the semiconductor company’s stock valued at $8,073,000 after purchasing an additional 622,862 shares in the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.
Lattice Semiconductor 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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