Lattice Semiconductor Corporation (LSCC) Given Consensus Recommendation of “Hold” by Analysts
Lattice Semiconductor Corporation (NASDAQ:LSCC) has been given a consensus rating of “Hold” by the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $6.83.
A number of equities analysts recently issued reports on the stock. Jefferies Group LLC decreased their target price on shares of Lattice Semiconductor Corporation from $8.30 to $6.50 and set a “hold” rating for the company in a research report on Thursday. Craig Hallum reiterated a “buy” rating and issued a $6.00 target price (down previously from $8.30) on shares of Lattice Semiconductor Corporation in a research report on Thursday. Finally, BidaskClub downgraded shares of Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th.
Lattice Semiconductor Corporation (NASDAQ:LSCC) traded down 0.70% during mid-day trading on Thursday, hitting $5.68. 905,563 shares of the stock traded hands. Lattice Semiconductor Corporation has a 1-year low of $5.40 and a 1-year high of $7.99. The firm’s market cap is $698.48 million. The stock has a 50-day moving average of $6.11 and a 200 day moving average of $6.67.
Lattice Semiconductor Corporation (NASDAQ:LSCC) last announced its 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). The company had revenue of $94.14 million during the quarter, compared to the consensus estimate of $105.60 million. Lattice Semiconductor Corporation had a negative net margin of 9.50% and a positive return on equity of 3.95%. On average, equities analysts expect that Lattice Semiconductor Corporation will post $0.13 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank lifted its holdings in Lattice Semiconductor Corporation by 7.5% in the 2nd quarter. Amalgamated Bank now owns 15,815 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 1,102 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Lattice Semiconductor Corporation in the 2nd quarter valued at about $107,000. BNP Paribas Arbitrage SA lifted its holdings in Lattice Semiconductor Corporation by 723.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 20,608 shares of the semiconductor company’s stock valued at $137,000 after acquiring an additional 18,105 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Lattice Semiconductor Corporation by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 22,916 shares of the semiconductor company’s stock valued at $159,000 after acquiring an additional 510 shares during the last quarter. Finally, FNY Partners Fund LP lifted its holdings in Lattice Semiconductor Corporation by 100.8% in the 2nd quarter. FNY Partners Fund LP now owns 25,900 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 13,000 shares during the last quarter. 87.15% of the stock is owned by institutional investors.
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Lattice Semiconductor Corporation Company Profile
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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