Lattice Semiconductor Corporation (LSCC) Earns “Hold” Rating from Robert W. Baird
Lattice Semiconductor Corporation (NASDAQ:LSCC)‘s stock had its “hold” rating restated by equities research analysts at Robert W. Baird in a note issued to investors on Sunday. They currently have a $8.00 price objective on the semiconductor company’s stock. Robert W. Baird’s price objective points to a potential upside of 46.52% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the company. Jefferies Group LLC decreased their price objective on Lattice Semiconductor Corporation from $8.30 to $6.50 and set a “hold” rating on the stock in a report on Thursday. BidaskClub downgraded Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Craig Hallum reaffirmed a “hold” rating and set a $6.00 price objective (down from $8.30) on shares of Lattice Semiconductor Corporation in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Lattice Semiconductor Corporation currently has an average rating of “Hold” and a consensus target price of $6.83.
Shares of Lattice Semiconductor Corporation (LSCC) opened at 5.46 on Friday. Lattice Semiconductor Corporation has a one year low of $5.40 and a one year high of $7.99. The company’s market cap is $671.42 million. The company has a 50 day moving average price of $6.00 and a 200 day moving average price of $6.64.
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 consensus estimate of $0.04 by ($0.07). The firm 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 expect that Lattice Semiconductor Corporation will post $0.13 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Lattice Semiconductor Corporation by 1.9% during the second quarter. Vanguard Group Inc. now owns 9,929,928 shares of the semiconductor company’s stock valued at $66,133,000 after purchasing an additional 181,687 shares in the last quarter. CNH Partners LLC boosted its holdings in Lattice Semiconductor Corporation by 33.8% during the second quarter. CNH Partners LLC now owns 3,813,337 shares of the semiconductor company’s stock valued at $25,397,000 after purchasing an additional 963,375 shares in the last quarter. Alpine Associates Management Inc. boosted its holdings in Lattice Semiconductor Corporation by 11.8% during the second quarter. Alpine Associates Management Inc. now owns 3,016,410 shares of the semiconductor company’s stock valued at $20,089,000 after purchasing an additional 317,648 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Lattice Semiconductor Corporation by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,231,024 shares of the semiconductor company’s stock valued at $14,859,000 after purchasing an additional 150,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Lattice Semiconductor Corporation by 4.6% during the second quarter. JPMorgan Chase & Co. now owns 1,960,181 shares of the semiconductor company’s stock valued at $13,055,000 after purchasing an additional 85,948 shares in the last quarter. 87.15% of the stock is currently owned by institutional investors.
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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