Lattice Semiconductor Corporation (LSCC) Receives $7.00 Consensus Price Target from Brokerages
Lattice Semiconductor Corporation (NASDAQ:LSCC) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $7.00.
Several research analysts recently weighed in on LSCC shares. Jefferies Group reissued a “buy” rating and issued a $7.00 target price on shares of Lattice Semiconductor in a research note on Friday, November 10th. Zacks Investment Research upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. BidaskClub cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Finally, ValuEngine cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Sunday, December 31st.
Shares of Lattice Semiconductor (NASDAQ LSCC) traded up $0.05 during mid-day trading on Friday, reaching $5.51. 1,120,000 shares of the company traded hands, compared to its average volume of 1,530,000. Lattice Semiconductor has a 12-month low of $5.05 and a 12-month high of $7.55. The firm has a market cap of $679.74, a P/E ratio of -9.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.58. The company has a quick ratio of 1.60, a current ratio of 2.20 and a debt-to-equity ratio of 1.28.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Lattice Semiconductor by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 9,929,928 shares of the semiconductor company’s stock worth $66,133,000 after purchasing an additional 181,687 shares during the period. BlackRock Inc. grew its holdings in shares of Lattice Semiconductor by 1.0% during the 4th quarter. BlackRock Inc. now owns 7,596,718 shares of the semiconductor company’s stock worth $43,907,000 after purchasing an additional 74,922 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Lattice Semiconductor by 446.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,925,967 shares of the semiconductor company’s stock worth $28,472,000 after purchasing an additional 4,025,062 shares during the period. Lion Point Capital LP purchased a new stake in shares of Lattice Semiconductor during the 4th quarter worth about $16,368,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Lattice Semiconductor by 9.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,440,939 shares of the semiconductor company’s stock worth $12,717,000 after acquiring an additional 209,915 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.
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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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