Lattice Semiconductor Corp. (LSCC) Now Covered by Analysts at Susquehanna
Analysts at Susquehanna started coverage on shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) in a note issued to investors on Tuesday. The firm set a “positive” rating on the stock.
Other equities analysts have also recently issued reports about the company. Jefferies Group reissued a “buy” rating on shares of Lattice Semiconductor Corp. in a report on Thursday, September 8th. Robert W. Baird reissued an “outperform” rating and set a $8.00 price target on shares of Lattice Semiconductor Corp. in a report on Thursday, August 11th. Finally, Zacks Investment Research cut Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.00.
Lattice Semiconductor Corp. (NASDAQ:LSCC) traded down 1.10% during trading on Tuesday, reaching $6.28. The company had a trading volume of 1,190,639 shares. The firm’s market capitalization is $755.82 million. Lattice Semiconductor Corp. has a one year low of $3.57 and a one year high of $7.07. The firm’s 50-day moving average price is $6.10 and its 200 day moving average price is $5.80.
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Lattice Semiconductor Corp. (NASDAQ:LSCC) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.12. The firm had revenue of $99.20 million for the quarter, compared to the consensus estimate of $100.07 million. Lattice Semiconductor Corp. had a negative net margin of 25.54% and a negative return on equity of 9.12%. Lattice Semiconductor Corp.’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. Equities analysts forecast that Lattice Semiconductor Corp. will post $0.19 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Lattice Semiconductor Corp. by 698.6% in the second quarter. Tower Research Capital LLC TRC now owns 19,381 shares of the company’s stock worth $103,000 after buying an additional 16,954 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Lattice Semiconductor Corp. by 72.7% in the second quarter. Principal Financial Group Inc. now owns 21,167 shares of the company’s stock worth $113,000 after buying an additional 8,914 shares in the last quarter. Blue Rock Advisors LLC acquired a new stake in Lattice Semiconductor Corp. during the first quarter worth approximately $129,000. Highbridge Capital Management LLC acquired a new stake in Lattice Semiconductor Corp. during the second quarter worth approximately $130,000. Finally, Royal Bank of Canada boosted its stake in Lattice Semiconductor Corp. by 2.5% in the first quarter. Royal Bank of Canada now owns 23,102 shares of the company’s stock worth $131,000 after buying an additional 554 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors.
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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