Lattice Semiconductor Corp (LSCC) Receives Consensus Rating of “Buy” from Brokerages

Lattice Semiconductor Corp (NASDAQ:LSCC) has been given a consensus recommendation of “Buy” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.33.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, December 28th. raised shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and boosted their target price for the company from $8.00 to $11.00 in a research report on Wednesday, February 13th. BidaskClub raised shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 12th. Rosenblatt Securities assumed coverage on shares of Lattice Semiconductor in a research report on Thursday, February 28th. They issued a “buy” rating and a $14.50 target price for the company. Finally, Robert W. Baird raised shares of Lattice Semiconductor from a “neutral” rating to an “outperform” rating in a research report on Friday, December 14th.

Shares of Lattice Semiconductor stock opened at $12.94 on Friday. The stock has a market capitalization of $1.74 billion, a PE ratio of 58.82, a price-to-earnings-growth ratio of 3.26 and a beta of 1.37. Lattice Semiconductor has a 52-week low of $5.05 and a 52-week high of $13.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.10 and a quick ratio of 3.13.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Tuesday, February 12th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. The company had revenue of $96.00 million during the quarter, compared to analysts’ expectations of $95.10 million. Lattice Semiconductor had a negative net margin of 6.60% and a positive return on equity of 12.18%. The business’s revenue was up .7% on a year-over-year basis. As a group, analysts anticipate that Lattice Semiconductor will post 0.31 earnings per share for the current year.

In related news, VP Byron Wayne Milstead sold 41,911 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $12.32, for a total value of $516,343.52. Following the completion of the transaction, the vice president now owns 54,296 shares of the company’s stock, valued at $668,926.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Edwin Jensen sold 4,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $12.56, for a total value of $50,240.00. Following the completion of the transaction, the director now directly owns 67,434 shares of the company’s stock, valued at approximately $846,971.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,180 shares of company stock valued at $999,721. 0.78% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of LSCC. Pearl River Capital LLC acquired a new position in Lattice Semiconductor during the fourth quarter worth about $27,000. Stone Ridge Asset Management LLC acquired a new position in Lattice Semiconductor during the fourth quarter worth about $72,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Lattice Semiconductor during the fourth quarter worth about $81,000. GSA Capital Partners LLP raised its stake in Lattice Semiconductor by 26.2% during the fourth quarter. GSA Capital Partners LLP now owns 13,845 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 2,872 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Lattice Semiconductor during the fourth quarter worth about $123,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Company Profile

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.

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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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