Lattice Semiconductor Corp. (LSCC) Now Covered by Susquehanna
Investment analysts at Susquehanna began coverage on shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) in a research note issued to investors on Tuesday. The firm set a “positive” rating on the stock.
Several other equities research analysts have also recently weighed in on LSCC. Jefferies Group upped their target price on Lattice Semiconductor Corp. from $6.50 to $6.75 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Robert W. Baird reissued an “outperform” rating and issued a $8.00 price target on shares of Lattice Semiconductor Corp. in a research report on Thursday, August 11th. Finally, Zacks Investment Research lowered Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.00.
Lattice Semiconductor Corp. (NASDAQ:LSCC) opened at 6.35 on Tuesday. The stock’s market capitalization is $764.24 million. Lattice Semiconductor Corp. has a 12 month low of $3.57 and a 12 month high of $7.07. The firm has a 50-day moving average price of $6.10 and a 200 day moving average price of $5.80.
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Lattice Semiconductor Corp. (NASDAQ:LSCC) last issued its earnings results on Tuesday, August 9th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.12. Lattice Semiconductor Corp. had a negative return on equity of 9.12% and a negative net margin of 25.54%. The firm earned $99.20 million during the quarter, compared to analysts’ expectations of $100.07 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Lattice Semiconductor Corp.’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities analysts anticipate that Lattice Semiconductor Corp. will post $0.20 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in LSCC. Quentec Asset Management LLC raised its position in shares of Lattice Semiconductor Corp. by 61.0% in the first quarter. Quentec Asset Management LLC now owns 2,012,411 shares of the company’s stock valued at $11,430,000 after buying an additional 762,481 shares in the last quarter. Barclays PLC raised its position in shares of Lattice Semiconductor Corp. by 2,903.1% in the first quarter. Barclays PLC now owns 384,402 shares of the company’s stock valued at $1,922,000 after buying an additional 371,602 shares in the last quarter. Menta Capital LLC acquired a new position in shares of Lattice Semiconductor Corp. during the first quarter valued at about $170,000. Royal Bank of Canada raised its position in shares of Lattice Semiconductor Corp. by 2.5% in the first quarter. Royal Bank of Canada now owns 23,102 shares of the company’s stock valued at $131,000 after buying an additional 554 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Lattice Semiconductor Corp. by 2.0% in the first quarter. Geode Capital Management LLC now owns 808,365 shares of the company’s stock valued at $4,591,000 after buying an additional 15,930 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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