Lattice Semiconductor Corp. (NASDAQ:LSCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
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. “
A number of other equities research analysts have also recently commented on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Lattice Semiconductor Corp. in a report on Thursday, August 11th. Jefferies Group reaffirmed a “buy” rating on shares of Lattice Semiconductor Corp. in a report on Thursday, September 8th. Finally, Susquehanna initiated coverage on shares of Lattice Semiconductor Corp. in a report on Tuesday, September 20th. They issued a “positive” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $7.00.
Shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) opened at 6.06 on Wednesday. The company’s market cap is $729.34 million. Lattice Semiconductor Corp. has a 1-year low of $4.02 and a 1-year high of $7.07. The firm has a 50-day moving average price of $6.31 and a 200 day moving average price of $5.86.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.12. The company earned $99.20 million during the quarter, compared to the consensus estimate of $100.07 million. Lattice Semiconductor Corp. had a negative return on equity of 9.12% and a negative net margin of 25.54%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) EPS. On average, analysts predict that Lattice Semiconductor Corp. will post $0.19 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of LSCC. Tower Research Capital LLC TRC boosted its stake in Lattice Semiconductor Corp. by 698.6% in the second quarter. Tower Research Capital LLC TRC now owns 19,381 shares of the company’s stock worth $103,000 after buying an additional 16,954 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Lattice Semiconductor Corp. by 72.7% in the second quarter. Principal Financial Group Inc. now owns 21,167 shares of the company’s stock worth $113,000 after buying an additional 8,914 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Lattice Semiconductor Corp. during the second quarter worth approximately $130,000. Royal Bank of Canada boosted its stake in Lattice Semiconductor Corp. by 2.5% in the first quarter. Royal Bank of Canada now owns 23,102 shares of the company’s stock worth $131,000 after buying an additional 554 shares during the last quarter. Finally, TFS Capital LLC purchased a new stake in Lattice Semiconductor Corp. during the second quarter worth approximately $160,000. Hedge funds and other institutional investors own 78.01% of the company’s stock.
Lattice Semiconductor Corp. Company Profile
Lattice Semiconductor Corporation is engaged in providing connectivity solutions. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property and semiconductor devices, and Qterics, a software-as-a-service business unit in the Lattice legal entity structure.