Zacks Investment Research Upgrades Lattice Semiconductor Corporation (LSCC) to “Hold”

Lattice Semiconductor Corporation (NASDAQ:LSCC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs. “

A number of other equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of Lattice Semiconductor Corporation from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Robert W. Baird reaffirmed a “hold” rating and issued a $8.00 price target on shares of Lattice Semiconductor Corporation in a research note on Sunday, September 17th. Jefferies Group LLC dropped their price target on shares of Lattice Semiconductor Corporation from $8.30 to $6.50 and set a “hold” rating on the stock in a research note on Thursday, September 14th. Craig Hallum reaffirmed a “hold” rating and issued a $6.00 price target (down from $8.30) on shares of Lattice Semiconductor Corporation in a research note on Thursday, September 14th. Finally, BidaskClub downgraded shares of Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.83.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last announced its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). Lattice Semiconductor Corporation had a negative net margin of 9.50% and a positive return on equity of 3.95%. The firm had revenue of $94.14 million for the quarter, compared to analyst estimates of $105.60 million.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Lattice Semiconductor Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 9,929,928 shares of the semiconductor company’s stock worth $66,133,000 after acquiring an additional 181,687 shares during the last quarter. CNH Partners LLC increased its stake in shares of Lattice Semiconductor Corporation by 33.8% in the second quarter. CNH Partners LLC now owns 3,813,337 shares of the semiconductor company’s stock worth $25,397,000 after acquiring an additional 963,375 shares during the last quarter. Alpine Associates Management Inc. increased its stake in shares of Lattice Semiconductor Corporation by 11.8% in the second quarter. Alpine Associates Management Inc. now owns 3,016,410 shares of the semiconductor company’s stock worth $20,089,000 after acquiring an additional 317,648 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Lattice Semiconductor Corporation by 7.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,231,024 shares of the semiconductor company’s stock worth $14,859,000 after acquiring an additional 150,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Lattice Semiconductor Corporation by 4.6% in the second quarter. JPMorgan Chase & Co. now owns 1,960,181 shares of the semiconductor company’s stock worth $13,055,000 after acquiring an additional 85,948 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Corporation 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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