Lattice Semiconductor (LSCC) Downgraded to “Sell” at ValuEngine

Lattice Semiconductor (NASDAQ:LSCC) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Sunday.

Other equities analysts have also issued research reports about the company. Jefferies Group reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Lattice Semiconductor in a research note on Friday, November 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Lattice Semiconductor in a research note on Sunday, September 17th. Craig Hallum reaffirmed a “hold” rating and issued a $6.00 price objective (down previously from $8.30) on shares of Lattice Semiconductor in a research note on Thursday, September 14th. Zacks Investment Research upgraded Lattice Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, BidaskClub downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Lattice Semiconductor presently has an average rating of “Hold” and an average price target of $7.00.

Shares of Lattice Semiconductor (LSCC) opened at $5.78 on Friday. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $7.55. The company has a current ratio of 2.20, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $713.06, a PE ratio of -9.80, a price-to-earnings-growth ratio of 6.19 and a beta of 1.57.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The business had revenue of $91.97 million during the quarter, compared to analyst estimates of $92.00 million. Lattice Semiconductor had a positive return on equity of 4.39% and a negative net margin of 17.49%. During the same quarter in the previous year, the company posted $0.05 earnings per share. equities research analysts expect that Lattice Semiconductor will post 0.05 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in shares of Lattice Semiconductor in the third quarter worth about $107,000. OxFORD Asset Management LLP purchased a new stake in Lattice Semiconductor during the third quarter valued at approximately $9,232,000. Schwab Charles Investment Management Inc. raised its position in Lattice Semiconductor by 2.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 509,124 shares of the semiconductor company’s stock valued at $2,653,000 after purchasing an additional 12,952 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Lattice Semiconductor by 9.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,440,939 shares of the semiconductor company’s stock valued at $12,717,000 after purchasing an additional 209,915 shares during the period. Finally, FNY Partners Fund LP raised its position in Lattice Semiconductor by 521.2% during the third quarter. FNY Partners Fund LP now owns 160,900 shares of the semiconductor company’s stock valued at $838,000 after purchasing an additional 135,000 shares during the period. Institutional investors own 85.49% of the company’s stock.

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Lattice Semiconductor Company Profile

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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