Lattice Semiconductor (LSCC) Stock Rating Upgraded by BidaskClub

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

LSCC has been the subject of several other research reports. Zacks Investment Research downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. Robert W. Baird raised Lattice Semiconductor from a “neutral” rating to an “outperform” rating in a research report on Friday, December 14th. Craig Hallum set a $9.00 target price on Lattice Semiconductor and gave the stock a “hold” rating in a research report on Wednesday, October 3rd. Finally, ValuEngine raised Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Lattice Semiconductor has a consensus rating of “Buy” and a consensus target price of $8.69.

Shares of NASDAQ LSCC opened at $7.40 on Friday. Lattice Semiconductor has a 1-year low of $5.05 and a 1-year high of $8.90. The company has a quick ratio of 3.07, a current ratio of 4.00 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $945.53 million, a PE ratio of 48.67, a P/E/G ratio of 1.98 and a beta of 1.25.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Thursday, October 25th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Lattice Semiconductor had a positive return on equity of 8.68% and a negative net margin of 6.64%. The company had revenue of $101.48 million during the quarter, compared to the consensus estimate of $101.50 million. On average, research analysts anticipate that Lattice Semiconductor will post 0.24 EPS for the current fiscal year.

In other Lattice Semiconductor news, VP Esam Elashmawi purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were acquired at an average price of $5.66 per share, for a total transaction of $113,200.00. Following the completion of the purchase, the vice president now owns 20,000 shares in the company, valued at approximately $113,200. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Byron Wayne Milstead sold 9,910 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $5.81, for a total value of $57,577.10. Following the completion of the transaction, the vice president now owns 23,063 shares in the company, valued at approximately $133,996.03. The disclosure for this sale can be found here. Insiders own 2.83% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in shares of Lattice Semiconductor in the third quarter worth about $172,000. Jane Street Group LLC acquired a new position in shares of Lattice Semiconductor in the second quarter worth about $152,000. Prudential Financial Inc. lifted its stake in shares of Lattice Semiconductor by 100.0% in the third quarter. Prudential Financial Inc. now owns 26,301 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 13,150 shares in the last quarter. Ibex Investors LLC acquired a new position in shares of Lattice Semiconductor in the third quarter worth about $215,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Lattice Semiconductor by 205.5% in the second quarter. Cubist Systematic Strategies LLC now owns 36,184 shares of the semiconductor company’s stock worth $237,000 after acquiring an additional 24,339 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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