Lattice Semiconductor Corp (LSCC) Receives Consensus Rating of “Hold” from Brokerages

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.

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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.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Lattice Semiconductor had a negative net margin of 18.28% and a positive return on equity of 0.50%. The business had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.53 million. During the same quarter last year, the business posted $0.10 earnings per share. research analysts forecast that Lattice Semiconductor will post 0.22 earnings per share for the current year.

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.

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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.

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