Lattice Semiconductor Corp. (LSCC) Upgraded to Hold by Zacks Investment Research
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 research firms have also recently weighed in on LSCC. Jefferies Group raised their price target on Lattice Semiconductor Corp. from $6.50 to $6.75 and gave the company a buy rating in a research note on Wednesday, August 10th. Susquehanna assumed coverage on Lattice Semiconductor Corp. in a research note on Tuesday, September 20th. They issued a positive rating on the stock. Finally, Robert W. Baird reiterated an outperform rating and set a $8.00 target price on shares of Lattice Semiconductor Corp. in a research report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Lattice Semiconductor Corp. has a consensus rating of Buy and an average price target of $7.00.
Lattice Semiconductor Corp. (NASDAQ:LSCC) opened at 6.29 on Wednesday. Lattice Semiconductor Corp. has a 12 month low of $4.02 and a 12 month high of $7.07. The firm’s market capitalization is $757.02 million. The company’s 50-day moving average price is $6.32 and its 200 day moving average price is $5.86.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.12. Lattice Semiconductor Corp. had a negative net margin of 25.54% and a negative return on equity of 9.12%. The business earned $99.20 million during the quarter, compared to analyst estimates of $100.07 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts predict that Lattice Semiconductor Corp. will post $0.19 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of 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 in the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Lattice Semiconductor Corp. during the second quarter worth $130,000. Royal Bank of Canada raised its stake in shares of 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 in the last quarter. Finally, TFS Capital LLC acquired a new stake in shares of Lattice Semiconductor Corp. during the second quarter worth $160,000. 78.01% of the stock is currently owned by institutional investors.
About Lattice Semiconductor Corp.
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.
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