Lattice Semiconductor Corp (NASDAQ:LSCC) Receives Consensus Recommendation of “Buy” from Analysts

Lattice Semiconductor Corp (NASDAQ:LSCC) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.06.

A number of equities research analysts have issued reports on LSCC shares. Rosenblatt Securities restated a “buy” rating and set a $15.00 price target on shares of Lattice Semiconductor in a research note on Monday, May 20th. ValuEngine cut Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research cut Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. TheStreet raised Lattice Semiconductor from a “c+” rating to a “b” rating in a report on Wednesday, July 31st. Finally, BidaskClub raised Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Friday, July 12th.

LSCC stock traded up $0.17 on Thursday, reaching $19.12. The company’s stock had a trading volume of 120,282 shares, compared to its average volume of 2,471,716. The business has a fifty day simple moving average of $17.23 and a two-hundred day simple moving average of $13.68. Lattice Semiconductor has a 12-month low of $5.38 and a 12-month high of $20.90. The firm has a market cap of $2.51 billion, a PE ratio of 86.23, a PEG ratio of 3.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.30 and a current ratio of 3.08.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. Lattice Semiconductor had a return on equity of 17.47% and a net margin of 3.98%. The business had revenue of $102.30 million during the quarter, compared to analyst estimates of $99.72 million. During the same quarter last year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts anticipate that Lattice Semiconductor will post 0.46 earnings per share for the current fiscal year.

In other news, Director David Jeffrey Richardson sold 26,600 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $18.57, for a total transaction of $493,962.00. Following the transaction, the director now owns 68,733 shares of the company’s stock, valued at approximately $1,276,371.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Byron Wayne Milstead sold 3,632 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $12.14, for a total value of $44,092.48. Following the transaction, the vice president now directly owns 12,385 shares in the company, valued at approximately $150,353.90. The disclosure for this sale can be found here. Insiders have sold a total of 74,757 shares of company stock worth $1,364,334 over the last ninety days. Insiders own 0.78% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSCC. Harvest Fund Management Co. Ltd bought a new position in Lattice Semiconductor in the 2nd quarter valued at $43,000. C M Bidwell & Associates Ltd. bought a new position in Lattice Semiconductor in the 2nd quarter valued at $44,000. Meeder Asset Management Inc. grew its position in 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. Bank of Montreal Can grew its position in 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, Amalgamated Bank bought a new position in Lattice Semiconductor in the 4th quarter valued at $123,000. 96.61% of the stock is currently owned by hedge funds and other institutional investors.

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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