Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reaffirmed by research analysts at William Blair in a report released on Monday, TipRanks reports.
Several other brokerages have also issued reports on LSCC. Dougherty & Co restated a “buy” rating on shares of Lattice Semiconductor in a research report on Thursday, April 30th. Zacks Investment Research lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, June 24th. TheStreet lowered shares of Lattice Semiconductor from a “b-” rating to a “c+” rating in a research report on Tuesday, April 28th. BidaskClub upgraded shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Benchmark boosted their target price on shares of Lattice Semiconductor from $23.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Lattice Semiconductor currently has an average rating of “Buy” and an average price target of $25.71.
Shares of LSCC stock opened at $28.39 on Monday. The company has a 50 day moving average price of $25.80 and a 200-day moving average price of $20.95. Lattice Semiconductor has a 52 week low of $13.54 and a 52 week 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 company has a quick ratio of 2.88, a current ratio of 3.40 and a debt-to-equity ratio of 0.56.
Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Lattice Semiconductor had a net margin of 10.97% and a return on equity of 20.60%. The firm had revenue of $97.32 million during the quarter, compared to analyst estimates of $98.29 million. During the same period in the previous year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that Lattice Semiconductor will post 0.35 earnings per share for the current year.
In other Lattice Semiconductor news, VP Stephen Douglass sold 1,328 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $21.00, for a total transaction of $27,888.00. Following the transaction, the vice president now owns 38,337 shares of the company’s stock, valued at $805,077. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.24% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Lattice Semiconductor by 25.5% during the first quarter. Royal Bank of Canada now owns 218,677 shares of the semiconductor company’s stock valued at $3,897,000 after purchasing an additional 44,430 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Lattice Semiconductor by 24.2% in the first quarter. The Manufacturers Life Insurance Company now owns 635,287 shares of the semiconductor company’s stock worth $11,321,000 after buying an additional 123,945 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Lattice Semiconductor by 22.2% in the first quarter. Clearbridge Investments LLC now owns 1,719,825 shares of the semiconductor company’s stock worth $30,647,000 after buying an additional 312,452 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Lattice Semiconductor in the first quarter worth $532,000. Finally, Bronson Point Management LLC lifted its holdings in shares of Lattice Semiconductor by 94.0% in the first quarter. Bronson Point Management LLC now owns 320,101 shares of the semiconductor company’s stock worth $5,704,000 after buying an additional 155,101 shares in the last quarter.
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.
Featured Article: What is the CAC 40 Index
Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.