Lattice Semiconductor Corporation (NASDAQ:LSCC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

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. “

LSCC has been the subject of a number of other reports. Craig Hallum restated a “hold” rating and issued a $6.00 price target (down from $8.30) on shares of Lattice Semiconductor Corporation in a research report on Thursday, September 14th. BidaskClub downgraded Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Robert W. Baird restated a “hold” rating and issued a $8.00 price target on shares of Lattice Semiconductor Corporation in a research report on Sunday. ValuEngine downgraded Lattice Semiconductor Corporation from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Jefferies Group LLC lowered their price target on Lattice Semiconductor Corporation from $8.30 to $6.50 and set a “hold” rating for the company in a research report on Thursday, September 14th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. Lattice Semiconductor Corporation has a consensus rating of “Hold” and a consensus target price of $6.83.

Lattice Semiconductor Corporation (NASDAQ LSCC) opened at 5.43 on Tuesday. The stock’s market capitalization is $667.73 million. The company has a 50 day moving average of $5.91 and a 200 day moving average of $6.61. Lattice Semiconductor Corporation has a 52 week low of $5.16 and a 52 week high of $7.99.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $94.14 million during the quarter, compared to the consensus estimate of $105.60 million. Lattice Semiconductor Corporation had a positive return on equity of 3.95% and a negative net margin of 9.50%. Equities analysts expect that Lattice Semiconductor Corporation will post $0.13 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in Lattice Semiconductor Corporation by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 96,271 shares of the semiconductor company’s stock worth $641,000 after buying an additional 3,086 shares during the last quarter. Bluefin Trading LLC bought a new stake in Lattice Semiconductor Corporation in the second quarter worth $176,000. Alpine Global Management LLC lifted its position in Lattice Semiconductor Corporation by 22.3% in the second quarter. Alpine Global Management LLC now owns 269,015 shares of the semiconductor company’s stock worth $1,792,000 after buying an additional 49,015 shares during the last quarter. CNH Partners LLC lifted its position in Lattice Semiconductor Corporation by 33.8% in the second quarter. CNH Partners LLC now owns 3,813,337 shares of the semiconductor company’s stock worth $25,397,000 after buying an additional 963,375 shares during the last quarter. Finally, BlueCrest Capital Management Ltd lifted its position in Lattice Semiconductor Corporation by 119.1% in the second quarter. BlueCrest Capital Management Ltd now owns 130,667 shares of the semiconductor company’s stock worth $870,000 after buying an additional 71,035 shares during the last quarter. Institutional investors own 87.13% of the company’s stock.

Lattice Semiconductor Corporation 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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