Shares of Lattice Semiconductor Corp (NASDAQ:LSCC) have been given an average rating of “Hold” by the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $9.00.
Several research firms have recently issued reports on LSCC. ValuEngine raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Finally, Craig Hallum set a $9.00 price target on shares of Lattice Semiconductor and gave the company a “hold” rating in a research report on Wednesday, October 3rd.
NASDAQ LSCC opened at $6.69 on Friday. Lattice Semiconductor has a 12-month low of $5.05 and a 12-month high of $8.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.07 and a current ratio of 4.00. The company has a market capitalization of $843.21 million, a PE ratio of 43.40, a price-to-earnings-growth ratio of 2.36 and a beta of 1.83.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Lattice Semiconductor had a negative net margin of 6.64% and a positive return on equity of 8.68%. The company had revenue of $101.48 million for the quarter, compared to analyst estimates of $101.50 million. Research analysts predict that Lattice Semiconductor will post 0.24 earnings per share for the current fiscal year.
In related news, VP Byron Wayne Milstead sold 9,910 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $5.81, for a total transaction of $57,577.10. Following the sale, the vice president now owns 23,063 shares of the company’s stock, valued at approximately $133,996.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Esam Elashmawi bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The shares were purchased at an average cost of $5.66 per share, for a total transaction of $113,200.00. Following the acquisition, the vice president now directly owns 20,000 shares in the company, valued at approximately $113,200. The disclosure for this purchase can be found here. Corporate insiders own 2.79% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Lattice Semiconductor by 2.2% during the 2nd quarter. BlackRock Inc. now owns 7,774,585 shares of the semiconductor company’s stock worth $51,001,000 after acquiring an additional 167,472 shares during the period. King Luther Capital Management Corp bought a new position in shares of Lattice Semiconductor in the 2nd quarter worth $410,000. Sei Investments Co. increased its holdings in shares of Lattice Semiconductor by 21.3% in the 2nd quarter. Sei Investments Co. now owns 296,439 shares of the semiconductor company’s stock worth $1,945,000 after buying an additional 51,985 shares during the last quarter. Alambic Investment Management L.P. increased its holdings in shares of Lattice Semiconductor by 23.1% in the 2nd quarter. Alambic Investment Management L.P. now owns 221,881 shares of the semiconductor company’s stock worth $1,456,000 after buying an additional 41,697 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Lattice Semiconductor by 205.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 36,184 shares of the semiconductor company’s stock worth $237,000 after buying an additional 24,339 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.
About Lattice Semiconductor
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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