Lattice Semiconductor (NASDAQ:LSCC) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.
Several other equities analysts have also recently issued reports on the company. ValuEngine raised Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, December 6th. Robert W. Baird raised Lattice Semiconductor from a “neutral” rating to an “outperform” rating in a report on Friday, December 14th. Craig Hallum set a $9.00 price objective on Lattice Semiconductor and gave the stock a “hold” rating in a report on Wednesday, October 3rd. Finally, Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $8.69.
Lattice Semiconductor stock opened at $7.40 on Friday. The company has a market capitalization of $945.53 million, a P/E ratio of 48.67, a price-to-earnings-growth ratio of 1.98 and a beta of 1.25. Lattice Semiconductor has a 1-year low of $5.05 and a 1-year high of $8.90. The company has a current ratio of 4.00, a quick ratio of 3.07 and a debt-to-equity ratio of 1.00.
Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $101.48 million during the quarter, compared to analysts’ expectations of $101.50 million. Lattice Semiconductor had a positive return on equity of 8.68% and a negative net margin of 6.64%. On average, equities analysts anticipate that Lattice Semiconductor will post 0.24 earnings per share for the current fiscal year.
In related news, CEO James Robert Anderson purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was bought at an average cost of $5.67 per share, with a total value of $56,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $56,700. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Esam Elashmawi purchased 20,000 shares of the business’s stock in a transaction dated Monday, November 26th. The stock was bought at an average cost of $5.66 per share, with a total value of $113,200.00. Following the completion of the acquisition, the vice president now owns 20,000 shares of the company’s stock, valued at $113,200. The disclosure for this purchase can be found here. Insiders own 2.83% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSCC. Jane Street Group LLC acquired a new position in Lattice Semiconductor in the second quarter valued at $152,000. Quantbot Technologies LP acquired a new position in Lattice Semiconductor in the third quarter valued at $172,000. Prudential Financial Inc. increased its stake in Lattice Semiconductor by 100.0% in the third quarter. Prudential Financial Inc. now owns 26,301 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 13,150 shares during the last quarter. Ibex Investors LLC acquired a new position in Lattice Semiconductor in the third quarter valued at $215,000. Finally, Cubist Systematic Strategies LLC increased its stake in Lattice Semiconductor by 205.5% in the second quarter. Cubist Systematic Strategies LLC now owns 36,184 shares of the semiconductor company’s stock valued at $237,000 after purchasing an additional 24,339 shares during the last quarter. 89.06% of the stock is owned by institutional investors.
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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