Lattice Semiconductor Corporation (LSCC) Stock Rating Reaffirmed by Craig Hallum
Lattice Semiconductor Corporation (NASDAQ:LSCC)‘s stock had its “hold” rating reiterated by stock analysts at Craig Hallum in a note issued to investors on Thursday. They presently have a $6.00 price target on the semiconductor company’s stock, down from their prior price target of $8.30. Craig Hallum’s target price would indicate a potential upside of 9.89% from the company’s current price.
Separately, BidaskClub lowered Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.83.
Shares of Lattice Semiconductor Corporation (LSCC) traded down 4.21% during trading on Thursday, reaching $5.46. The company’s stock had a trading volume of 2,945,858 shares. The stock’s market cap is $671.42 million. The stock’s 50-day moving average is $6.00 and its 200-day moving average is $6.64. Lattice Semiconductor Corporation has a 12-month low of $5.40 and a 12-month high of $7.99.
Lattice Semiconductor Corporation (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.07). The business had revenue of $94.14 million for 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%. Equities research analysts anticipate that Lattice Semiconductor Corporation will post $0.13 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of LSCC. Teachers Advisors LLC lifted its stake in Lattice Semiconductor Corporation by 3.6% during the fourth quarter. Teachers Advisors LLC now owns 198,816 shares of the semiconductor company’s stock worth $1,463,000 after purchasing an additional 7,001 shares during the last quarter. Gabelli Funds LLC lifted its stake in Lattice Semiconductor Corporation by 19.3% during the first quarter. Gabelli Funds LLC now owns 121,628 shares of the semiconductor company’s stock worth $842,000 after purchasing an additional 19,666 shares during the last quarter. Karp Capital Management Corp bought a new stake in Lattice Semiconductor Corporation during the first quarter worth about $235,000. State of Wisconsin Investment Board lifted its stake in Lattice Semiconductor Corporation by 47.2% during the first quarter. State of Wisconsin Investment Board now owns 537,368 shares of the semiconductor company’s stock worth $3,719,000 after purchasing an additional 172,368 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in Lattice Semiconductor Corporation by 2.2% during the first quarter. Pinnacle Associates Ltd. now owns 87,750 shares of the semiconductor company’s stock worth $607,000 after purchasing an additional 1,900 shares during the last quarter. 87.15% of the stock is owned by hedge funds and other institutional investors.
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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