ValuEngine Lowers Lattice Semiconductor (LSCC) to Sell
ValuEngine lowered shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a sell rating in a research note published on Sunday.
LSCC has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Lattice Semiconductor from a hold rating to a strong sell rating in a report on Tuesday, September 19th. Craig Hallum reaffirmed a hold rating and set a $6.00 target price (down previously from $8.30) on shares of Lattice Semiconductor in a report on Thursday, September 14th. Jefferies Group raised shares of Lattice Semiconductor from a hold rating to a buy rating and set a $7.00 target price for the company in a report on Wednesday, October 18th. Robert W. Baird reaffirmed a hold rating and set a $8.00 target price on shares of Lattice Semiconductor in a report on Sunday, September 17th. Finally, BidaskClub lowered shares of Lattice Semiconductor from a hold rating to a sell rating in a report on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Lattice Semiconductor has an average rating of Hold and a consensus target price of $7.00.
Lattice Semiconductor (NASDAQ LSCC) traded up $0.12 during trading hours on Friday, reaching $5.90. 528,600 shares of the company’s stock were exchanged, compared to its average volume of 497,450. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.20 and a quick ratio of 1.60. The firm has a market capitalization of $727.86, a PE ratio of -10.17, a PEG ratio of 1.09 and a beta of 1.57. Lattice Semiconductor has a 52 week low of $5.05 and a 52 week 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. Lattice Semiconductor had a negative net margin of 17.49% and a positive return on equity of 4.39%. The business had revenue of $91.97 million during the quarter, compared to analyst estimates of $92.00 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. equities research analysts predict that Lattice Semiconductor will post 0.05 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP purchased a new stake in shares of Lattice Semiconductor in the third quarter valued at about $9,232,000. CNH Partners LLC grew its holdings in shares of Lattice Semiconductor by 33.8% in the second quarter. CNH Partners LLC now owns 3,813,337 shares of the semiconductor company’s stock valued at $25,397,000 after purchasing an additional 963,375 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of Lattice Semiconductor by 7,975.8% in the third quarter. Great West Life Assurance Co. Can now owns 846,424 shares of the semiconductor company’s stock valued at $4,385,000 after purchasing an additional 835,943 shares during the period. City Financial Investment Co Ltd purchased a new stake in shares of Lattice Semiconductor in the second quarter valued at about $5,328,000. Finally, State of Wisconsin Investment Board grew its holdings in shares of Lattice Semiconductor by 67.2% in the third quarter. State of Wisconsin Investment Board now owns 1,549,462 shares of the semiconductor company’s stock valued at $8,073,000 after purchasing an additional 622,862 shares during the period. 85.49% of the stock is owned by institutional investors and hedge funds.
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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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