Lattice Semiconductor (LSCC) Lifted to “Positive” at Susquehanna Bancshares

Lattice Semiconductor (NASDAQ:LSCC) was upgraded by investment analysts at Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently issued reports on the stock. BidaskClub downgraded shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Zacks Investment Research downgraded shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. ValuEngine upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, December 6th. Finally, Robert W. Baird upgraded shares of Lattice Semiconductor from a “neutral” rating to an “outperform” rating in a report on Friday, December 14th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.15.

LSCC stock opened at $8.18 on Wednesday. Lattice Semiconductor has a one year low of $5.05 and a one year high of $8.90. The firm has a market capitalization of $1.03 billion, a PE ratio of 53.00, a PEG ratio of 2.16 and a beta of 1.35. The company has a quick ratio of 3.07, a current ratio of 4.00 and a debt-to-equity ratio of 1.00.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Tuesday, February 12th. The semiconductor company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Lattice Semiconductor had a negative net margin of 6.64% and a positive return on equity of 8.68%. The company had revenue of $96.00 million during the quarter, compared to analysts’ expectations of $95.10 million. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts expect that Lattice Semiconductor will post 0.24 EPS for the current year.

In related news, CEO James Robert Anderson bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were acquired at an average cost of $5.67 per share, with a total value of $56,700.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $56,700. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Esam Elashmawi bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was bought at an average cost of $5.66 per share, for a total transaction of $113,200.00. Following the completion of the transaction, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $113,200. The disclosure for this purchase can be found here. Company insiders own 2.83% of the company’s stock.

A number of hedge funds have recently made changes to their positions in LSCC. Pearl River Capital LLC acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $81,000. GSA Capital Partners LLP lifted its position in Lattice Semiconductor by 26.2% during the fourth quarter. GSA Capital Partners LLP now owns 13,845 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 2,872 shares in the last quarter. Pitcairn Co. acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $144,000. Finally, Jane Street Group LLC acquired a new position in Lattice Semiconductor during the second quarter valued at approximately $152,000. 92.54% 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.

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