Lattice Semiconductor (NASDAQ:LSCC) Lifted to “Strong-Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a strong-buy rating in a research note issued to investors on Saturday morning, Zacks.com reports. Zacks Investment Research currently has $22.00 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 research analysts also recently issued reports on LSCC. Dougherty & Co reissued a buy rating and set a $20.00 price objective (up from $18.00) on shares of Lattice Semiconductor in a research report on Wednesday, July 31st. TheStreet raised shares of Lattice Semiconductor from a c+ rating to a b rating in a research report on Wednesday, July 31st. Rosenblatt Securities reissued a buy rating and set a $15.00 price objective on shares of Lattice Semiconductor in a research report on Monday, May 20th. Cowen reissued an outperform rating and set a $21.00 price objective (up from $18.00) on shares of Lattice Semiconductor in a research report on Wednesday, July 31st. Finally, ValuEngine downgraded shares of Lattice Semiconductor from a strong-buy rating to a buy rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $14.05.

NASDAQ LSCC opened at $18.60 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.01 and a quick ratio of 3.06. The firm has a fifty day moving average of $15.94. The stock has a market cap of $2.46 billion, a P/E ratio of 84.55, a price-to-earnings-growth ratio of 3.60 and a beta of 1.33. Lattice Semiconductor has a 12 month low of $5.38 and a 12 month high of $20.90.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Tuesday, July 30th. The semiconductor company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $102.30 million for the quarter, compared to the consensus estimate of $99.72 million. Lattice Semiconductor had a net margin of 3.98% and a return on equity of 17.93%. The company’s revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. As a group, equities analysts expect that Lattice Semiconductor will post 0.28 earnings per share for the current year.

In other news, VP Byron Wayne Milstead sold 3,632 shares of Lattice Semiconductor stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $12.14, for a total value of $44,092.48. Following the sale, the vice president now owns 12,385 shares of the company’s stock, valued at $150,353.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Edwin Jensen sold 4,000 shares of Lattice Semiconductor stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $14.38, for a total transaction of $57,520.00. Following the completion of the sale, the director now directly owns 85,697 shares in the company, valued at approximately $1,232,322.86. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its holdings in shares of Lattice Semiconductor by 157.3% in the first quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 3,091 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Lattice Semiconductor by 226.5% in the first quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 4,231 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $123,000. Pearl River Capital LLC boosted its holdings in shares of Lattice Semiconductor by 196.1% in the first quarter. Pearl River Capital LLC now owns 11,450 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 7,583 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in shares of Lattice Semiconductor in the first quarter valued at about $143,000. 90.96% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Company Profile

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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