Lattice Semiconductor Corp (NASDAQ:LSCC) has been given an average recommendation of “Buy” by the twelve analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.85.
Several equities research analysts recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Lattice Semiconductor in a research note on Monday, May 20th. BidaskClub cut Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. upgraded Lattice Semiconductor from a “neutral” rating to a “positive” rating and boosted their price target for the company from $8.00 to $11.00 in a research note on Wednesday, February 13th. Zacks Investment Research cut Lattice Semiconductor from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, upgraded Lattice Semiconductor from a “neutral” rating to a “positive” rating and upped their target price for the stock from $8.00 to $11.00 in a research note on Wednesday, February 13th.
In other Lattice Semiconductor news, VP Esam Elashmawi bought 5,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was purchased at an average cost of $12.17 per share, for a total transaction of $60,850.00. Following the completion of the purchase, the vice president now directly owns 25,000 shares of the company’s stock, valued at $304,250. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark Edwin Jensen sold 4,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $12.56, for a total value of $50,240.00. Following the sale, the director now owns 67,434 shares of the company’s stock, valued at $846,971.04. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in LSCC. Pearl River Capital LLC bought a new position in shares of Lattice Semiconductor in the 4th quarter valued at $27,000. Meeder Asset Management Inc. lifted its stake in shares of Lattice Semiconductor by 157.3% in the 1st quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 3,091 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Lattice Semiconductor in the 4th quarter valued at $72,000. Bank of Montreal Can lifted its stake in shares of Lattice Semiconductor by 226.5% in the 1st quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 4,231 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Lattice Semiconductor in the 4th quarter valued at $81,000. Institutional investors own 90.34% of the company’s stock.
Shares of LSCC stock opened at $12.81 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.01 and a quick ratio of 3.06. The company has a market capitalization of $1.69 billion, a P/E ratio of 58.23, a P/E/G ratio of 2.66 and a beta of 1.33. Lattice Semiconductor has a 1 year low of $5.38 and a 1 year high of $14.93.
Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $98.09 million during the quarter, compared to the consensus estimate of $96.01 million. Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.47%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, analysts predict that Lattice Semiconductor will post 0.39 earnings per share for the current year.
About Lattice Semiconductor
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
Featured Article: Are all No-Load Funds Equal?
Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.