Lattice Semiconductor (LSCC) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a buy rating in a research report report published on Thursday morning.

Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Lattice Semiconductor from a hold rating to a sell rating in a report on Wednesday, December 5th. BidaskClub downgraded Lattice Semiconductor from a buy rating to a hold rating in a report on Saturday, October 27th. Finally, Craig Hallum set a $9.00 target price on Lattice Semiconductor and gave the stock a hold rating in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Lattice Semiconductor currently has an average rating of Hold and a consensus target price of $9.13.

Lattice Semiconductor stock opened at $6.69 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.07 and a current ratio of 4.00. Lattice Semiconductor has a 12 month low of $5.05 and a 12 month high of $8.90. The firm has a market capitalization of $866.52 million, a price-to-earnings ratio of 44.60, a P/E/G ratio of 2.42 and a beta of 1.83.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Thursday, October 25th. The semiconductor company reported $0.11 EPS 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 business had revenue of $101.48 million for the quarter, compared to the consensus estimate of $101.50 million. On average, research analysts predict that Lattice Semiconductor will post 0.24 EPS for the current year.

In other news, VP Byron Wayne Milstead sold 9,910 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $5.81, for a total transaction of $57,577.10. Following the transaction, the vice president now directly owns 23,063 shares of the company’s stock, valued at $133,996.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Robert Anderson purchased 10,000 shares of the stock in a transaction dated Wednesday, November 21st. The shares were acquired at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $56,700. The disclosure for this purchase can be found here. Corporate insiders own 2.79% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Lattice Semiconductor by 8.7% during the third quarter. Vanguard Group Inc. now owns 11,291,967 shares of the semiconductor company’s stock valued at $90,335,000 after purchasing an additional 899,669 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Lattice Semiconductor by 4.4% during the third quarter. BlackRock Inc. now owns 8,116,114 shares of the semiconductor company’s stock valued at $64,929,000 after purchasing an additional 341,529 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lattice Semiconductor by 6.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,539,599 shares of the semiconductor company’s stock valued at $36,315,000 after purchasing an additional 255,571 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Lattice Semiconductor by 30.5% during the third quarter. TIAA CREF Investment Management LLC now owns 1,414,311 shares of the semiconductor company’s stock valued at $11,314,000 after purchasing an additional 330,310 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Lattice Semiconductor by 1,097.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,062,804 shares of the semiconductor company’s stock valued at $8,503,000 after purchasing an additional 974,082 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Asset Allocation

To view ValuEngine’s full report, visit ValuEngine’s official website.

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