Lattice Semiconductor Corp (NASDAQ:LSCC) Given Consensus Recommendation of “Buy” by Analysts

Shares of Lattice Semiconductor Corp (NASDAQ:LSCC) have received an average rating of “Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.15.

Several research firms have recently issued reports on LSCC. Cowen reaffirmed an “outperform” rating and issued a $18.00 target price (up from $16.00) on shares of Lattice Semiconductor in a report on Tuesday, June 11th. Robert W. Baird reaffirmed a “buy” rating and issued a $10.00 target price on shares of Lattice Semiconductor in a report on Friday, March 1st. Rosenblatt Securities began coverage on Lattice Semiconductor in a report on Thursday, February 28th. They set a “buy” rating and a $14.50 price objective for the company. BidaskClub lowered Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a report on Friday, May 3rd.

In other news, VP Esam Elashmawi acquired 5,000 shares of Lattice Semiconductor stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $12.17 per share, with a total value of $60,850.00. Following the completion of the acquisition, the vice president now owns 25,000 shares in the company, valued at $304,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Edwin Jensen sold 4,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $14.38, for a total value of $57,520.00. Following the transaction, the director now directly owns 85,697 shares of the company’s stock, valued at $1,232,322.86. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in LSCC. BlackRock Inc. boosted its holdings in shares of Lattice Semiconductor by 0.6% in the fourth quarter. BlackRock Inc. now owns 8,160,753 shares of the semiconductor company’s stock worth $56,473,000 after acquiring an additional 44,639 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Lattice Semiconductor by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,564,967 shares of the semiconductor company’s stock worth $31,589,000 after acquiring an additional 25,368 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Lattice Semiconductor by 66.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,294,090 shares of the semiconductor company’s stock worth $39,298,000 after acquiring an additional 1,320,700 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of Lattice Semiconductor by 3.0% in the first quarter. Frontier Capital Management Co. LLC now owns 2,361,138 shares of the semiconductor company’s stock worth $28,168,000 after acquiring an additional 69,104 shares during the period. Finally, Norges Bank bought a new position in shares of Lattice Semiconductor in the fourth quarter worth $10,998,000. 90.34% of the stock is owned by institutional investors and hedge funds.

LSCC stock opened at $13.65 on Wednesday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 62.05, a PEG ratio of 2.99 and a beta of 1.33. The company has a current ratio of 4.01, a quick ratio of 3.06 and a debt-to-equity ratio of 0.89. The firm has a 50 day simple moving average of $13.41. Lattice Semiconductor has a 12-month low of $5.38 and a 12-month high of $15.37.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $98.09 million during the quarter, compared to the consensus estimate of $96.01 million. Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.47%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. On average, equities research analysts anticipate that Lattice Semiconductor will post 0.39 earnings per share for the current year.

About Lattice Semiconductor

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

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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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