FY2017 EPS Estimates for Lattice Semiconductor Corporation Decreased by Analyst (LSCC)
Lattice Semiconductor Corporation (NASDAQ:LSCC) – Investment analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for shares of Lattice Semiconductor Corporation in a report issued on Wednesday. Jefferies Group analyst M. Lipacis now expects that the semiconductor company will post earnings per share of $0.01 for the year, down from their previous forecast of $0.06. Jefferies Group has a “Buy” rating and a $7.00 price objective on the stock. Jefferies Group also issued estimates for Lattice Semiconductor Corporation’s Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.13 EPS.
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). Lattice Semiconductor Corporation had a positive return on equity of 3.95% and a negative net margin of 9.50%. The company had revenue of $94.14 million for the quarter, compared to the consensus estimate of $105.60 million.
Several other research firms have also recently weighed in on LSCC. BidaskClub cut Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Craig Hallum reiterated a “hold” rating and set a $6.00 price objective (down previously from $8.30) on shares of Lattice Semiconductor Corporation in a research report on Thursday, September 14th. Zacks Investment Research upgraded Lattice Semiconductor Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Robert W. Baird reiterated a “hold” rating and set a $8.00 price objective on shares of Lattice Semiconductor Corporation in a research report on Sunday, September 17th. Finally, ValuEngine cut Lattice Semiconductor Corporation from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.00.
Shares of Lattice Semiconductor Corporation (NASDAQ LSCC) traded up 1.04% during trading on Friday, reaching $5.82. 209,890 shares of the company were exchanged. The company has a 50 day moving average price of $5.49 and a 200-day moving average price of $6.37. Lattice Semiconductor Corporation has a one year low of $5.05 and a one year high of $7.99. The stock’s market capitalization is $715.69 million.
A number of hedge funds have recently bought and sold shares of LSCC. CNH Partners LLC increased its position in Lattice Semiconductor Corporation by 33.8% during the 2nd quarter. CNH Partners LLC now owns 3,813,337 shares of the semiconductor company’s stock worth $25,397,000 after buying an additional 963,375 shares during the period. City Financial Investment Co Ltd bought a new position in Lattice Semiconductor Corporation during the 2nd quarter worth $5,328,000. Public Sector Pension investment Board bought a new position in Lattice Semiconductor Corporation during the 2nd quarter worth $3,361,000. FMR LLC bought a new position in Lattice Semiconductor Corporation during the 1st quarter worth $3,432,000. Finally, Vanguard Group Inc. increased its position in Lattice Semiconductor Corporation by 5.0% during the 1st 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 period. Hedge funds and other institutional investors own 87.78% of the company’s stock.
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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