Lattice Semiconductor Corporation (LSCC) Receives Average Rating of “Hold” from Analysts

Lattice Semiconductor Corporation (NASDAQ:LSCC) has received a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $7.00.

LSCC has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Lattice Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 19th. Jefferies Group upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Wednesday, October 18th. BidaskClub downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Finally, ValuEngine downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.

Shares of Lattice Semiconductor (NASDAQ:LSCC) opened at $6.22 on Wednesday. The firm has a market cap of $767.33, a price-to-earnings ratio of -10.72, a P/E/G ratio of 1.17 and a beta of 1.57. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 2.20. Lattice Semiconductor has a 52 week low of $5.05 and a 52 week high of $7.55.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $92.00 million. Lattice Semiconductor had a negative net margin of 17.49% and a positive return on equity of 4.39%. During the same quarter in the prior year, the business earned $0.05 EPS. analysts forecast that Lattice Semiconductor will post 0.05 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in LSCC. Amalgamated Bank increased its holdings in shares of Lattice Semiconductor 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 purchasing an additional 1,102 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Lattice Semiconductor in the 3rd quarter valued at about $107,000. BNP Paribas Arbitrage SA increased its holdings in shares of Lattice Semiconductor 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 purchasing an additional 18,105 shares in the last quarter. Bluefin Trading LLC purchased a new position in shares of Lattice Semiconductor in the 2nd quarter valued at about $176,000. Finally, Legal & General Group Plc increased its holdings in shares of Lattice Semiconductor by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 43,266 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 1,148 shares in the last quarter. Institutional investors own 85.49% of the company’s stock.

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About Lattice Semiconductor

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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