Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) traded down 7.8% during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $5.43 and last traded at $5.45. 1,903,678 shares were traded during mid-day trading, an increase of 28% from the average session volume of 1,483,915 shares. The stock had previously closed at $5.91.

The semiconductor company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Lattice Semiconductor had a negative net margin of 17.49% and a positive return on equity of 4.39%. The firm had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.53 million. During the same period last year, the business posted $0.10 EPS.

A number of equities research analysts have commented on the company. ValuEngine cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Jefferies Group upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Wednesday, October 18th. Finally, BidaskClub upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Lattice Semiconductor currently has an average rating of “Hold” and a consensus price target of $7.00.

Several hedge funds have recently bought and sold shares of LSCC. Goldman Sachs Group Inc. lifted its holdings in shares of Lattice Semiconductor by 446.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,925,967 shares of the semiconductor company’s stock valued at $28,472,000 after purchasing an additional 4,025,062 shares in the last quarter. Lion Point Capital LP bought a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $16,368,000. OxFORD Asset Management LLP bought a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $9,232,000. Great West Life Assurance Co. Can lifted its holdings in shares of Lattice Semiconductor by 7,975.8% in the third quarter. Great West Life Assurance Co. Can now owns 846,424 shares of the semiconductor company’s stock valued at $4,385,000 after purchasing an additional 835,943 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Lattice Semiconductor by 47.1% in the fourth quarter. State of Wisconsin Investment Board now owns 2,279,462 shares of the semiconductor company’s stock valued at $13,175,000 after purchasing an additional 730,000 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 2.20. The company has a market capitalization of $741.43, a price-to-earnings ratio of -9.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.58.

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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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