Lattice Semiconductor Corp. (LSCC) Shares Down 1.8%
Lattice Semiconductor Corp. (NASDAQ:LSCC)’s share price was down 1.8% on Wednesday . The company traded as low as $6.09 and last traded at $6.17, with a volume of 918,009 shares changing hands. The stock had previously closed at $6.28.
A number of equities analysts recently weighed in on LSCC shares. Jefferies Group reiterated a “buy” rating on shares of Lattice Semiconductor Corp. in a research report on Thursday, September 8th. Zacks Investment Research lowered shares of Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th. Susquehanna assumed coverage on shares of Lattice Semiconductor Corp. in a research report on Tuesday. They set a “positive” rating on the stock. Finally, Robert W. Baird restated an “outperform” rating and set a $8.00 target price on shares of Lattice Semiconductor Corp. in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Lattice Semiconductor Corp. presently has an average rating of “Hold” and an average price target of $7.00.
The stock’s market capitalization is $751.00 million. The stock has a 50-day moving average of $6.11 and a 200-day moving average of $5.81.
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Lattice Semiconductor Corp. (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.12. The firm had revenue of $99.20 million for the quarter, compared to analyst estimates of $100.07 million. Lattice Semiconductor Corp. had a negative net margin of 25.54% and a negative return on equity of 9.12%. The business’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. On average, analysts forecast that Lattice Semiconductor Corp. will post $0.19 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of LSCC. Tower Research Capital LLC TRC raised its stake 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 valued at $103,000 after buying an additional 16,954 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 valued at $113,000 after buying an additional 8,914 shares in the last quarter. Blue Rock Advisors LLC bought a new stake in shares of Lattice Semiconductor Corp. during the first quarter valued at $129,000. Highbridge Capital Management LLC bought a new stake in shares of Lattice Semiconductor Corp. during the second quarter valued at $130,000. Finally, Royal Bank of Canada raised its stake 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. 78.03% of the stock is currently owned by hedge funds and other 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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