Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) reached a new 52-week low on Wednesday . The company traded as low as $5.74 and last traded at $5.74, with a volume of 434,848 shares trading hands. The stock had previously closed at $5.91.
A number of analysts have weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $8.30 price objective on shares of Lattice Semiconductor Corporation in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Lattice Semiconductor Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, BidaskClub lowered shares of Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.15.
The company has a 50 day moving average price of $6.63 and a 200 day moving average price of $6.85. The company’s market capitalization is $700.07 million.
Lattice Semiconductor Corporation (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.07. Lattice Semiconductor Corporation had a negative net margin of 9.50% and a positive return on equity of 3.95%. The company had revenue of $94.14 million for the quarter, compared to analyst estimates of $105.60 million. Equities research analysts anticipate that Lattice Semiconductor Corporation will post $0.19 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. State of Wisconsin Investment Board increased its position in Lattice Semiconductor Corporation by 47.2% in the first quarter. State of Wisconsin Investment Board now owns 537,368 shares of the semiconductor company’s stock valued at $3,719,000 after buying an additional 172,368 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Lattice Semiconductor Corporation during the first quarter valued at about $658,000. BlueCrest Capital Management Ltd bought a new position in Lattice Semiconductor Corporation during the first quarter valued at about $413,000. Gabelli Funds LLC increased its position in Lattice Semiconductor Corporation by 19.3% in the first quarter. Gabelli Funds LLC now owns 121,628 shares of the semiconductor company’s stock valued at $842,000 after buying an additional 19,666 shares during the period. Finally, Teachers Advisors LLC increased its position in Lattice Semiconductor Corporation by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 198,816 shares of the semiconductor company’s stock valued at $1,463,000 after buying an additional 7,001 shares during the period. Hedge funds and other institutional investors own 87.12% of the company’s stock.
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About Lattice Semiconductor Corporation
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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