Lattice Semiconductor Corp. Price Target Raised to $7.50 at Mizuho (LSCC)
Equities researchers at Mizuho raised their price objective on shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) from $6.00 to $7.50 in a research report issued on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Mizuho’s price target points to a potential upside of 33.93% from the company’s current price.
Shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) traded up 14.65% on Friday, hitting $6.81. 9,081,008 shares of the company’s stock traded hands. Lattice Semiconductor Corp. has a 1-year low of $4.17 and a 1-year high of $6.07. The stock’s 50-day moving average is $5.64 and its 200-day moving average is $5.17. The company has a market cap of $792.3 million and a price-to-earnings ratio of 83.66.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last released its earnings data on Thursday, February 6th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.02. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $81.05 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 35.9% on a year-over-year basis. On average, analysts predict that Lattice Semiconductor Corp. will post $0.25 earnings per share for the current fiscal year.
Separately, analysts at Jefferies Group raised their price target on shares of Lattice Semiconductor Corp. from $5.50 to $6.50 in a research note to investors on Friday, January 10th.
Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software.
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