Lattice Semiconductor (LSCC) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The firm currently has $9.50 target price on the semiconductor company’s stock.

According to Zacks, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs. “

Several other equities analysts also recently weighed in on the company. BidaskClub downgraded Lattice Semiconductor from a strong-buy rating to a buy rating in a research report on Saturday, September 8th. Robert W. Baird increased their target price on Lattice Semiconductor from $6.00 to $8.00 and gave the stock a neutral rating in a research report on Monday, July 30th. ValuEngine upgraded Lattice Semiconductor from a hold rating to a buy rating in a research report on Saturday, July 28th. Craig Hallum set a $9.00 target price on Lattice Semiconductor and gave the stock a hold rating in a research report on Wednesday, October 3rd. Finally, Dougherty & Co initiated coverage on Lattice Semiconductor in a research report on Thursday, June 28th. They set a buy rating and a $10.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $8.70.

NASDAQ LSCC traded down $0.06 during trading hours on Wednesday, hitting $7.70. 981,966 shares of the company’s stock were exchanged, compared to its average volume of 1,130,198. Lattice Semiconductor has a 12-month low of $5.05 and a 12-month high of $8.90. The company has a market capitalization of $1.01 billion, a PE ratio of 88.89, a price-to-earnings-growth ratio of 2.40 and a beta of 1.71. The company has a current ratio of 3.11, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Thursday, August 9th. The semiconductor company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Lattice Semiconductor had a positive return on equity of 5.21% and a negative net margin of 19.67%. Equities analysts predict that Lattice Semiconductor will post 0.27 EPS for the current year.

In related news, VP Glen Hawk sold 20,929 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $8.05, for a total transaction of $168,478.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Maxwell J. Downing sold 118,860 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $8.13, for a total value of $966,331.80. Following the sale, the chief financial officer now owns 44,458 shares in the company, valued at $361,443.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,352 shares of company stock worth $1,184,623. Company insiders own 2.83% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Lattice Semiconductor during the 2nd quarter valued at about $152,000. MetLife Investment Advisors LLC raised its holdings in shares of Lattice Semiconductor by 41.3% during the 2nd quarter. MetLife Investment Advisors LLC now owns 55,030 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 16,093 shares during the period. Marshall Wace LLP raised its holdings in shares of Lattice Semiconductor by 31.4% during the 2nd quarter. Marshall Wace LLP now owns 297,537 shares of the semiconductor company’s stock valued at $1,952,000 after buying an additional 71,020 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Lattice Semiconductor by 205.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 36,184 shares of the semiconductor company’s stock valued at $237,000 after buying an additional 24,339 shares during the period. Finally, Alambic Investment Management L.P. raised its holdings in shares of Lattice Semiconductor by 23.1% during the 2nd quarter. Alambic Investment Management L.P. now owns 221,881 shares of the semiconductor company’s stock valued at $1,456,000 after buying an additional 41,697 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

About Lattice Semiconductor

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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