Lattice Semiconductor (NASDAQ:LSCC) Stock Rating Upgraded by BidaskClub

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BidaskClub upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a buy rating to a strong-buy rating in a report released on Saturday morning, BidAskClub reports.

Other equities analysts also recently issued research reports about the company. TheStreet downgraded Lattice Semiconductor from a b- rating to a c+ rating in a report on Tuesday, April 28th. Benchmark upped their target price on Lattice Semiconductor from $23.00 to $30.00 and gave the company a buy rating in a report on Thursday, June 4th. Cowen upped their target price on Lattice Semiconductor from $27.00 to $33.00 and gave the company an outperform rating in a report on Tuesday, June 23rd. Dougherty & Co reiterated a buy rating on shares of Lattice Semiconductor in a report on Thursday, April 30th. Finally, Zacks Investment Research downgraded Lattice Semiconductor from a hold rating to a sell rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $25.71.

LSCC stock opened at $28.39 on Friday. The company has a current ratio of 3.40, a quick ratio of 2.88 and a debt-to-equity ratio of 0.56. Lattice Semiconductor has a one year low of $13.54 and a one year high of $28.89. The firm has a market capitalization of $3.78 billion, a PE ratio of 88.72, a P/E/G ratio of 7.87 and a beta of 1.27. The firm has a 50-day moving average of $25.80 and a two-hundred day moving average of $20.95.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $97.32 million during the quarter, compared to analyst estimates of $98.29 million. Lattice Semiconductor had a net margin of 10.97% and a return on equity of 20.60%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, equities research analysts anticipate that Lattice Semiconductor will post 0.35 earnings per share for the current year.

In other news, VP Stephen Douglass sold 7,053 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $21.43, for a total value of $151,145.79. Following the completion of the sale, the vice president now directly owns 31,284 shares of the company’s stock, valued at $670,416.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.24% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. lifted its position in Lattice Semiconductor by 5.6% in the first quarter. Ameritas Investment Partners Inc. now owns 11,207 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 591 shares during the period. Great West Life Assurance Co. Can lifted its position in Lattice Semiconductor by 18.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,189 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 1,297 shares during the period. Amalgamated Bank lifted its position in Lattice Semiconductor by 6.0% in the fourth quarter. Amalgamated Bank now owns 23,511 shares of the semiconductor company’s stock worth $450,000 after purchasing an additional 1,325 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Lattice Semiconductor by 29.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,617 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 2,168 shares during the period. Finally, ProShare Advisors LLC lifted its position in Lattice Semiconductor by 20.4% in the fourth quarter. ProShare Advisors LLC now owns 17,105 shares of the semiconductor company’s stock worth $327,000 after purchasing an additional 2,898 shares during the period.

About Lattice Semiconductor

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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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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