Lattice Semiconductor Corp. (LSCC) Receives Consensus Rating of “Buy” from Brokerages
Shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) have been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.75.
A number of research analysts have commented on LSCC shares. Robert W. Baird reiterated an “outperform” rating and set a $8.00 price target on shares of Lattice Semiconductor Corp. in a research report on Thursday, August 11th. Jefferies Group reiterated a “buy” rating on shares of Lattice Semiconductor Corp. in a research report on Thursday, September 8th. Zacks Investment Research cut shares of Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th. Finally, Susquehanna started coverage on shares of Lattice Semiconductor Corp. in a research report on Tuesday, September 20th. They set a “positive” rating on the stock.
Several hedge funds have recently added to or reduced their stakes in LSCC. Pacad Investment Ltd. bought a new stake in Lattice Semiconductor Corp. during the first quarter worth $222,000. Menta Capital LLC acquired a new stake in shares of Lattice Semiconductor Corp. during the first quarter worth approximately $170,000. Kennedy Capital Management Inc. raised 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 last quarter. Barclays PLC raised 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 last quarter. Finally, Quentec Asset Management LLC raised its stake 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 worth $11,430,000 after buying an additional 762,481 shares during the last quarter. 78.01% of the stock is owned by hedge funds and other institutional investors.
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Lattice Semiconductor Corp. (NASDAQ:LSCC) traded up 1.248% during mid-day trading on Monday, hitting $6.085. 345,324 shares of the stock traded hands. Lattice Semiconductor Corp. has a 1-year low of $4.02 and a 1-year high of $7.07. The company has a 50-day moving average of $6.31 and a 200 day moving average of $5.86. The firm’s market capitalization is $732.35 million.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last posted its quarterly earnings data 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 company earned $99.20 million during the quarter, compared to the consensus estimate of $100.07 million. During the same quarter last year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Lattice Semiconductor Corp. will post $0.19 EPS for the current year.
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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