Lattice Semiconductor (NASDAQ:LSCC) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a sell rating to a hold rating in a report published on Tuesday, Zacks.com reports.

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 research analysts have also weighed in on the stock. BidaskClub upgraded shares of Lattice Semiconductor from a buy rating to a strong-buy rating in a report on Saturday. William Blair reiterated a buy rating on shares of Lattice Semiconductor in a research note on Monday. TheStreet lowered shares of Lattice Semiconductor from a b- rating to a c+ rating in a research note on Tuesday, April 28th. Cowen lifted their price target on shares of Lattice Semiconductor from $27.00 to $33.00 and gave the stock an outperform rating in a research note on Tuesday, June 23rd. Finally, Dougherty & Co reiterated a buy rating on shares of Lattice Semiconductor in a research note on Thursday, April 30th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $25.71.

Shares of LSCC opened at $28.39 on Tuesday. Lattice Semiconductor has a twelve month low of $13.54 and a twelve month high of $28.89. The firm’s fifty day simple moving average is $25.80 and its 200-day simple moving average is $20.95. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 88.72, a PEG ratio of 7.80 and a beta of 1.27. The company has a current ratio of 3.40, a quick ratio of 2.88 and a debt-to-equity ratio of 0.56.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Lattice Semiconductor had a net margin of 10.97% and a return on equity of 20.60%. The business had revenue of $97.32 million for the quarter, compared to analyst estimates of $98.29 million. During the same period last year, the business earned $0.11 EPS. The company’s revenue was down .8% on a year-over-year basis. On average, analysts predict that Lattice Semiconductor will post 0.35 earnings per share for the current fiscal year.

In other Lattice Semiconductor news, VP Stephen Douglass sold 7,053 shares of Lattice Semiconductor stock in a transaction on Friday, May 1st. The shares were sold at an average price of $21.43, for a total value of $151,145.79. Following the transaction, the vice president now directly owns 31,284 shares in the company, valued at $670,416.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of LSCC. Pearl River Capital LLC purchased a new stake in shares of Lattice Semiconductor in the first quarter valued at about $67,000. Neo Ivy Capital Management purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $91,000. Banque Cantonale Vaudoise purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $119,000. Great West Life Assurance Co. Can boosted its holdings in shares of Lattice Semiconductor by 18.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,189 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 1,297 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $180,000.

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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