Lattice Semiconductor (NASDAQ:LSCC) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a buy rating to a strong-buy rating in a research note released on Friday, BidAskClub reports.

Several other equities research analysts have also commented on LSCC. Cowen cut their price target on shares of TherapeuticsMD from $16.00 to $9.00 and set an outperform rating for the company in a report on Tuesday, June 11th. Rosenblatt Securities reissued a buy rating and issued a $15.00 price target on shares of Lattice Semiconductor in a report on Monday, May 20th. Finally, Zacks Investment Research lowered shares of Inflarx from a buy rating to a hold rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $12.39.

Shares of NASDAQ LSCC opened at $16.88 on Friday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 76.73, a PEG ratio of 3.45 and a beta of 1.37. The business has a fifty day moving average of $14.37. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.06 and a current ratio of 4.01. Lattice Semiconductor has a one year low of $5.38 and a one year high of $17.07.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 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 analysts’ expectations of $96.01 million. Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. Lattice Semiconductor’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. As a group, research analysts predict that Lattice Semiconductor will post 0.39 EPS for the current fiscal year.

In other news, Director Mark Edwin Jensen sold 4,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $14.38, for a total transaction of $57,520.00. Following the completion of the sale, the director now owns 85,697 shares of the company’s stock, valued at $1,232,322.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Esam Elashmawi bought 5,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of $12.17 per share, with a total value of $60,850.00. Following the acquisition, the vice president now directly owns 25,000 shares of the company’s stock, valued at $304,250. The disclosure for this purchase can be found here. 0.78% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $10,998,000. Westwood Holdings Group Inc. purchased a new stake in shares of Lattice Semiconductor in the first quarter valued at about $17,024,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Lattice Semiconductor by 66.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,294,090 shares of the semiconductor company’s stock valued at $39,298,000 after purchasing an additional 1,320,700 shares during the period. OppenheimerFunds Inc. purchased a new stake in shares of Lattice Semiconductor in the first quarter valued at about $13,823,000. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Lattice Semiconductor in the first quarter valued at about $11,610,000. 90.57% 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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