Shares of Lattice Semiconductor Corp (NASDAQ:LSCC) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.00.
A number of analysts have recently weighed in on the company. ValuEngine lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. BidaskClub upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Zacks Investment Research lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th.
Shares of NASDAQ:LSCC traded down $0.20 during midday trading on Monday, reaching $5.23. The company’s stock had a trading volume of 840,017 shares, compared to its average volume of 795,168. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $7.10. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.19 and a current ratio of 3.15.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Lattice Semiconductor by 1.0% in the fourth quarter. BlackRock Inc. now owns 7,596,718 shares of the semiconductor company’s stock worth $43,907,000 after purchasing an additional 74,922 shares during the period. Goldman Sachs Group Inc. increased its position in Lattice Semiconductor by 446.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,925,967 shares of the semiconductor company’s stock worth $28,472,000 after purchasing an additional 4,025,062 shares during the period. Lion Point Capital LP acquired a new stake in Lattice Semiconductor in the fourth quarter worth about $16,368,000. State of Wisconsin Investment Board increased its position in Lattice Semiconductor by 47.1% in the fourth quarter. State of Wisconsin Investment Board now owns 2,279,462 shares of the semiconductor company’s stock worth $13,175,000 after purchasing an additional 730,000 shares during the period. Finally, Greenhouse Funds LLLP increased its position in Lattice Semiconductor by 52.7% in the fourth quarter. Greenhouse Funds LLLP now owns 2,154,403 shares of the semiconductor company’s stock worth $12,452,000 after purchasing an additional 743,633 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.
About Lattice Semiconductor
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.
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.
