Lattice Semiconductor (LSCC) Receives New Coverage from Analysts at Cowen

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Research analysts at Cowen assumed coverage on shares of Lattice Semiconductor (NASDAQ:LSCC) in a research note issued to investors on Friday. The firm set an “outperform” rating and a $15.00 price target on the semiconductor company’s stock. Cowen’s price objective would indicate a potential upside of 26.69% from the company’s current price.

Several other research firms have also commented on LSCC. Zacks Investment Research lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Jefferies Financial Group upped their price target on shares of Lattice Semiconductor to $10.50 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 target for the stock from $8.00 to $11.00 in a research report on Wednesday, February 13th. Susquehanna Bancshares upgraded shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $11.00 price target for the company in a research report on Wednesday, February 13th. Finally, ValuEngine upgraded shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $10.36.

Shares of NASDAQ:LSCC opened at $11.84 on Friday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35. Lattice Semiconductor has a 1-year low of $5.05 and a 1-year high of $12.01. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.07 and a current ratio of 4.00.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Tuesday, February 12th. The semiconductor company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. The company had revenue of $96.00 million for the quarter, compared to analysts’ expectations of $95.10 million. Lattice Semiconductor had a negative net margin of 6.60% and a positive return on equity of 12.34%. Lattice Semiconductor’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Lattice Semiconductor will post 0.31 EPS for the current year.

In related news, VP Byron Wayne Milstead sold 39,269 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $11.03, for a total value of $433,137.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Esam Elashmawi acquired 20,000 shares of Lattice Semiconductor stock in a transaction dated Monday, November 26th. The shares were acquired at an average price of $5.66 per share, with a total value of $113,200.00. Following the transaction, the vice president now owns 20,000 shares in the company, valued at approximately $113,200. The disclosure for this purchase can be found here. Corporate insiders own 2.83% of the company’s stock.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc boosted its position in shares of Lattice Semiconductor by 8.7% during the 3rd quarter. Vanguard Group Inc now owns 11,291,967 shares of the semiconductor company’s stock valued at $90,335,000 after purchasing an additional 899,669 shares in the last quarter. Frontier Capital Management Co. LLC bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $15,861,000. Renaissance Technologies LLC bought a new position in shares of Lattice Semiconductor during the 3rd quarter valued at about $4,102,000. TIAA CREF Investment Management LLC boosted its position in shares of Lattice Semiconductor by 30.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,414,311 shares of the semiconductor company’s stock valued at $11,314,000 after purchasing an additional 330,310 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $484,000. Institutional investors own 91.34% of the company’s stock.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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