Zacks Investment Research Upgrades Lattice Semiconductor Corp. (LSCC) to “Hold”
Lattice Semiconductor Corp. (NASDAQ:LSCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs. “
A number of other equities analysts have also recently issued reports on LSCC. Jefferies Group boosted their price objective on Lattice Semiconductor Corp. from $6.50 to $6.75 and gave the company a “buy” rating in a report on Wednesday, August 10th. Susquehanna initiated coverage on Lattice Semiconductor Corp. in a report on Tuesday, September 20th. They issued a “positive” rating for the company. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $8.00 target price on shares of Lattice Semiconductor Corp. in a report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $7.00.
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Shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) opened at 6.28 on Wednesday. Lattice Semiconductor Corp. has a 52 week low of $4.02 and a 52 week high of $7.07. The stock’s market cap is $755.82 million. The company has a 50-day moving average price of $6.31 and a 200-day moving average price of $5.86.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.12. Lattice Semiconductor Corp. had a negative net margin of 25.54% and a negative return on equity of 9.12%. The business had revenue of $99.20 million for the quarter, compared to analysts’ expectations of $100.07 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. Lattice Semiconductor Corp.’s revenue was down 6.9% compared to the same quarter last year. Equities analysts anticipate that Lattice Semiconductor Corp. will post $0.19 EPS for the current year.
Several large investors have recently modified their holdings of the company. Pacad Investment Ltd. bought a new stake in shares of Lattice Semiconductor Corp. during the first quarter worth $222,000. Menta Capital LLC bought a new stake in shares of Lattice Semiconductor Corp. during the first quarter worth $170,000. NWQ Investment Management Company LLC boosted its stake in shares of Lattice Semiconductor Corp. by 5.5% in the first quarter. NWQ Investment Management Company LLC now owns 13,955,482 shares of the company’s stock worth $79,267,000 after buying an additional 721,805 shares during the period. Kennedy Capital Management Inc. boosted its stake in shares of Lattice Semiconductor Corp. by 17.2% in the first quarter. Kennedy Capital Management Inc. now owns 2,229,879 shares of the company’s stock worth $12,666,000 after buying an additional 326,903 shares during the period. Finally, Barclays PLC boosted its stake 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 worth $1,922,000 after buying an additional 371,602 shares during the period. Hedge funds and other institutional investors own 78.01% of the company’s stock.
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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