Lattice Semiconductor (NASDAQ:LSCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
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 analysts have also issued research reports about the company. Jefferies Group restated a “buy” rating and issued a $7.00 price objective on shares of Lattice Semiconductor in a research note on Friday, November 10th. BidaskClub raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Finally, ValuEngine downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Lattice Semiconductor presently has a consensus rating of “Hold” and an average price target of $7.00.
Lattice Semiconductor (NASDAQ LSCC) opened at $5.51 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.20 and a quick ratio of 1.60. The firm has a market cap of $673.58, a P/E ratio of -9.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.58. Lattice Semiconductor has a 52-week low of $5.05 and a 52-week high of $7.55.
Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $95.27 million during the quarter, compared to the consensus estimate of $94.53 million. Lattice Semiconductor had a negative net margin of 18.28% and a positive return on equity of 0.48%. During the same quarter in the prior year, the company earned $0.10 EPS. sell-side analysts predict that Lattice Semiconductor will post 0.3 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of LSCC. Amalgamated Bank grew its position in shares of Lattice Semiconductor 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 during the last quarter. Jane Street Group LLC acquired a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $107,000. Ellington Management Group LLC acquired a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $143,000. Aperio Group LLC grew its position in shares of Lattice Semiconductor by 57.2% in the fourth quarter. Aperio Group LLC now owns 27,677 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 10,070 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $180,000. 84.70% of the stock is currently owned by institutional investors.
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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