Rosenblatt Securities reiterated their buy rating on shares of Lattice Semiconductor (NASDAQ:LSCC) in a report released on Monday, AnalystRatings.com reports. The firm currently has a $15.00 price objective on the semiconductor company’s stock.
“We expect an upbeat event that will emphasize broader penetration and share gains of the company’s FPGA solutions in key communications, computing, industrial, and automotive segments. In particular, AI (footprint in all major server players), 5G (Nokia (NOK: NR) and exposure to most equipment OEMs), and automotive. Note that the FPGA-to-ASIC dynamic that is at the center of the bull/bear case for Xilinx (XLNX: Buy) is mainly a high-end FPGA dynamic (Lattice is a mid-to-low end FPGA player). The BOM cost of a system can greatly benefit from replacing a high-end FPGA ($1Ks per unit) to say a $100 ASIC (assuming you don’t need to change anything going forward, which is not possible in many cases). However, a mid-to-low end FPGA that sells for $15 and is used in a supporting role is usually not part of the displacement to ASIC from FPGA at the high-end.”,” the firm’s analyst commented.
A number of other analysts have also recently commented on the stock. upgraded shares of Lattice Semiconductor from a neutral rating to a positive rating and upped their price objective for the company from $8.00 to $11.00 in a research report on Wednesday, February 13th. upgraded shares of Lattice Semiconductor from a neutral rating to a positive rating and upped their price objective for the company from $8.00 to $11.00 in a research report on Wednesday, February 13th. Jefferies Financial Group upped their price objective on shares of Lattice Semiconductor to $10.50 in a research report on Wednesday, February 13th. ValuEngine upgraded shares of Lattice Semiconductor from a buy rating to a strong-buy rating in a research report on Wednesday, February 13th. Finally, BidaskClub cut shares of Lattice Semiconductor from a strong-buy rating to a buy rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $11.85.
LSCC opened at $11.84 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.01 and a quick ratio of 3.06. Lattice Semiconductor has a 12 month low of $5.38 and a 12 month high of $14.93. The firm has a market capitalization of $1.58 billion, a P/E ratio of 53.82, a PEG ratio of 2.58 and a beta of 1.39.
Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.47%. The firm had revenue of $98.09 million during the quarter, compared to the consensus estimate of $96.01 million. During the same quarter in the prior year, the company earned $0.05 EPS. Lattice Semiconductor’s quarterly revenue was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that Lattice Semiconductor will post 0.38 earnings per share for the current fiscal year.
In related news, Director Mark Edwin Jensen sold 4,000 shares of the company’s stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Byron Wayne Milstead sold 41,911 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $12.32, for a total transaction of $516,343.52. Following the completion of the transaction, the vice president now directly owns 54,296 shares of the company’s stock, valued at $668,926.72. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pearl River Capital LLC acquired a new position in Lattice Semiconductor in the 4th quarter worth $27,000. Meeder Asset Management Inc. boosted its stake 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 worth $62,000 after purchasing an additional 3,091 shares during the period. Bank of Montreal Can boosted its stake 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 worth $73,000 after purchasing an additional 4,231 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Lattice Semiconductor in the 4th quarter worth $72,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth about $81,000. 91.82% of the stock is 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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