Zacks Investment Research Downgrades Lattice Semiconductor Corp. (LSCC) to Sell
Lattice Semiconductor Corp. (NASDAQ:LSCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
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 equities research analysts have also recently issued reports about the stock. Robert W. Baird restated an “outperform” rating and set a $8.00 price target on shares of Lattice Semiconductor Corp. in a report on Thursday, August 11th. Jefferies Group cut shares of Lattice Semiconductor Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Finally, Susquehanna initiated coverage on shares of Lattice Semiconductor Corp. in a report on Tuesday, September 20th. They set a “positive” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $7.00.
Lattice Semiconductor Corp. (NASDAQ:LSCC) opened at 7.74 on Friday. The company’s market capitalization is $933.31 million. The stock’s 50 day moving average price is $6.67 and its 200 day moving average price is $6.05. Lattice Semiconductor Corp. has a 12-month low of $4.02 and a 12-month high of $7.99.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. The business earned $113.20 million during the quarter, compared to the consensus estimate of $113.04 million. Lattice Semiconductor Corp. had a negative return on equity of 5.57% and a negative net margin of 22.28%. On average, equities research analysts anticipate that Lattice Semiconductor Corp. will post $0.19 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. boosted its stake in Lattice Semiconductor Corp. by 1,299.0% in the third quarter. Panagora Asset Management Inc. now owns 86,740 shares of the company’s stock valued at $563,000 after buying an additional 80,540 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Lattice Semiconductor Corp. during the third quarter valued at $530,000. York Capital Management Global Advisors LLC bought a new stake in Lattice Semiconductor Corp. during the third quarter valued at $3,741,000. Quentec Asset Management LLC boosted its stake in Lattice Semiconductor Corp. by 1.0% in the third quarter. Quentec Asset Management LLC now owns 2,082,523 shares of the company’s stock valued at $13,515,000 after buying an additional 21,312 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Lattice Semiconductor Corp. during the third quarter valued at $1,385,000. Institutional investors and hedge funds own 78.45% of the company’s stock.
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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