Shares of Lattice Semiconductor Corp (NASDAQ:LSCC) gapped up prior to trading on Thursday . The stock had previously closed at $22.10, but opened at $21.20. Lattice Semiconductor shares last traded at $21.34, with a volume of 103,346 shares changing hands.
A number of brokerages recently issued reports on LSCC. Susquehanna Bancshares restated a “buy” rating and issued a $25.00 price target on shares of Lattice Semiconductor in a research report on Wednesday. William Blair began coverage on Lattice Semiconductor in a research report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Cowen raised their price target on Lattice Semiconductor from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Zacks Investment Research upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Thursday, January 9th. Finally, BidaskClub upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Lattice Semiconductor has an average rating of “Buy” and an average target price of $22.50.
The company has a market capitalization of $2.77 billion, a P/E ratio of 129.82, a P/E/G ratio of 2.58 and a beta of 1.35. The business has a 50-day moving average of $20.44 and a 200-day moving average of $19.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.94 and a quick ratio of 2.20.
Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $100.24 million during the quarter, compared to the consensus estimate of $100.07 million. Lattice Semiconductor had a return on equity of 18.64% and a net margin of 5.60%. Sell-side analysts predict that Lattice Semiconductor Corp will post 0.45 EPS for the current fiscal year.
In other news, VP Byron Wayne Milstead sold 3,120 shares of Lattice Semiconductor stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $22.75, for a total transaction of $70,980.00. Following the completion of the sale, the vice president now directly owns 14,975 shares in the company, valued at $340,681.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Edwin Jensen sold 4,000 shares of Lattice Semiconductor stock in a transaction on Friday, December 20th. The stock was sold at an average price of $19.77, for a total value of $79,080.00. Following the sale, the director now owns 77,697 shares of the company’s stock, valued at $1,536,069.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,575 shares of company stock valued at $234,972. Corporate insiders own 0.78% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. purchased a new position in shares of Lattice Semiconductor during the fourth quarter valued at $37,000. Corbenic Partners LLC purchased a new position in shares of Lattice Semiconductor during the fourth quarter valued at $38,000. Tower Research Capital LLC TRC purchased a new position in shares of Lattice Semiconductor during the third quarter valued at $83,000. Neo Ivy Capital Management purchased a new position in shares of Lattice Semiconductor during the fourth quarter valued at $91,000. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Lattice Semiconductor during the third quarter valued at $116,000. Institutional investors and hedge funds own 95.39% of the company’s stock.
About Lattice Semiconductor (NASDAQ:LSCC)
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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