Lattice Semiconductor Corporation (LSCC) Downgraded by BidaskClub to “Strong Sell”
Lattice Semiconductor Corporation (NASDAQ:LSCC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
A number of other research analysts have also issued reports on LSCC. Zacks Investment Research upgraded shares of Lattice Semiconductor Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Jefferies Group LLC restated a “hold” rating and set a $8.30 price target on shares of Lattice Semiconductor Corporation in a research note on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Lattice Semiconductor Corporation currently has an average rating of “Hold” and an average target price of $8.15.
Shares of Lattice Semiconductor Corporation (LSCC) traded down 2.11% during midday trading on Friday, reaching $6.03. 626,470 shares of the company traded hands. The company’s market capitalization is $738.01 million. Lattice Semiconductor Corporation has a 1-year low of $5.75 and a 1-year high of $7.99. The company has a 50 day moving average price of $6.67 and a 200 day moving average price of $6.87.
Lattice Semiconductor Corporation (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.07. Lattice Semiconductor Corporation had a negative net margin of 9.50% and a positive return on equity of 3.91%. The company had revenue of $94.14 million for the quarter, compared to analyst estimates of $105.60 million. On average, analysts expect that Lattice Semiconductor Corporation will post $0.19 earnings per share for the current year.
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In other news, Director Robin Ann Abrams sold 9,091 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $7.00, for a total value of $63,637.00. Following the sale, the director now owns 82,035 shares in the company, valued at $574,245. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.79% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Lattice Semiconductor Corporation by 162.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,081,024 shares of the semiconductor company’s stock worth $14,401,000 after buying an additional 1,287,373 shares during the last quarter. Public Sector Pension investment Board acquired a new stake in Lattice Semiconductor Corporation during the second quarter worth $3,361,000. FMR LLC acquired a new stake in Lattice Semiconductor Corporation during the first quarter worth $3,432,000. Vanguard Group Inc. raised its stake in Lattice Semiconductor Corporation by 5.0% in the first quarter. Vanguard Group Inc. now owns 9,748,241 shares of the semiconductor company’s stock worth $67,458,000 after buying an additional 468,555 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in Lattice Semiconductor Corporation during the first quarter worth $2,768,000. Hedge funds and other institutional investors own 86.59% of the company’s stock.
About Lattice Semiconductor Corporation
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.
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