Analysts Set Lattice Semiconductor Corporation (LSCC) PT at $7.00

Lattice Semiconductor Corporation (NASDAQ:LSCC) has earned an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $7.00.

A number of research analysts have weighed in on the company. BidaskClub lowered Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered Lattice Semiconductor Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Craig Hallum reaffirmed a “hold” rating and set a $6.00 target price (down previously from $8.30) on shares of Lattice Semiconductor Corporation in a report on Thursday, September 14th. Jefferies Group LLC reduced their target price on Lattice Semiconductor Corporation from $8.30 to $6.50 and set a “hold” rating for the company in a report on Thursday, September 14th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $8.00 target price on shares of Lattice Semiconductor Corporation in a report on Sunday, September 17th.

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Several institutional investors and hedge funds have recently modified their holdings of LSCC. CNH Partners LLC boosted its position in shares of Lattice Semiconductor Corporation by 33.8% during the 2nd quarter. CNH Partners LLC now owns 3,813,337 shares of the semiconductor company’s stock valued at $25,397,000 after acquiring an additional 963,375 shares during the last quarter. City Financial Investment Co Ltd bought a new stake in shares of Lattice Semiconductor Corporation during the 2nd quarter valued at about $5,328,000. State of Wisconsin Investment Board boosted its position in shares of Lattice Semiconductor Corporation by 67.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,549,462 shares of the semiconductor company’s stock valued at $8,073,000 after acquiring an additional 622,862 shares during the last quarter. Public Sector Pension investment Board bought a new stake in shares of Lattice Semiconductor Corporation during the 2nd quarter valued at about $3,361,000. Finally, FMR LLC bought a new stake in shares of Lattice Semiconductor Corporation during the 1st quarter valued at about $3,432,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.

Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) opened at $5.89 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.30 and a quick ratio of 1.63. The firm has a market capitalization of $724.30, a price-to-earnings ratio of 65.44 and a beta of 1.58.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.07). The company had revenue of $94.14 million for the quarter, compared to analysts’ expectations of $105.60 million. Lattice Semiconductor Corporation had a negative net margin of 9.50% and a positive return on equity of 3.95%.

Lattice Semiconductor Corporation Company Profile

Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.

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