Lattice Semiconductor (LSCC) Raised to “Hold” at BidaskClub

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

LSCC has been the topic of a number of other reports. Zacks Investment Research raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Jefferies Group raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Wednesday, October 18th. Finally, ValuEngine cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $7.00.

Lattice Semiconductor (NASDAQ:LSCC) traded up $0.13 during midday trading on Friday, reaching $6.50. The company had a trading volume of 1,213,940 shares, compared to its average volume of 846,406. The stock has a market capitalization of $801.88, a P/E ratio of -11.21, a PEG ratio of 1.22 and a beta of 1.57. The company has a quick ratio of 1.60, a current ratio of 2.20 and a debt-to-equity ratio of 1.28. Lattice Semiconductor has a 12 month low of $5.05 and a 12 month high of $7.55.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Tuesday, November 7th. The semiconductor company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The company had revenue of $91.97 million for the quarter, compared to the consensus estimate of $92.00 million. Lattice Semiconductor had a positive return on equity of 4.39% and a negative net margin of 17.49%. During the same period in the previous year, the business earned $0.05 earnings per share. sell-side analysts anticipate that Lattice Semiconductor will post 0.05 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of LSCC. Schwab Charles Investment Management Inc. increased its holdings in shares of Lattice Semiconductor by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 496,172 shares of the semiconductor company’s stock worth $3,305,000 after purchasing an additional 4,424 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Lattice Semiconductor by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 498,295 shares of the semiconductor company’s stock worth $3,317,000 after purchasing an additional 3,316 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Lattice Semiconductor by 2.7% in the second quarter. Legal & General Group Plc now owns 43,266 shares of the semiconductor company’s stock worth $288,000 after purchasing an additional 1,148 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Lattice Semiconductor by 723.3% in the second quarter. BNP Paribas Arbitrage SA now owns 20,608 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 18,105 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Lattice Semiconductor by 19.5% in the second quarter. Swiss National Bank now owns 273,800 shares of the semiconductor company’s stock worth $1,824,000 after purchasing an additional 44,700 shares during the last quarter. 85.49% of the stock is currently owned by hedge funds and other institutional investors.

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Lattice Semiconductor 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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