Jefferies Financial Group Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $36.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price hoisted by Jefferies Financial Group from $23.00 to $36.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. Jefferies Financial Group currently has a buy rating on the semiconductor company’s stock.

Other research analysts also recently issued research reports about the company. BidaskClub downgraded Lattice Semiconductor from a buy rating to a hold rating in a report on Friday, July 24th. Rosenblatt Securities increased their price objective on Lattice Semiconductor from $32.00 to $36.00 and gave the company a buy rating in a report on Wednesday. Cowen increased their price objective on Lattice Semiconductor from $33.00 to $36.00 and gave the company an outperform rating in a report on Wednesday. Susquehanna Bancshares increased their price objective on Lattice Semiconductor from $32.00 to $36.00 in a report on Wednesday. Finally, Benchmark increased their price objective on Lattice Semiconductor from $23.00 to $30.00 and gave the company a buy rating in a report on Thursday, June 4th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $32.43.

NASDAQ LSCC traded up $0.06 during trading hours on Thursday, hitting $31.09. 1,303,746 shares of the company were exchanged, compared to its average volume of 1,451,748. The company has a 50 day moving average of $28.82 and a two-hundred day moving average of $22.54. The company has a quick ratio of 2.88, a current ratio of 3.40 and a debt-to-equity ratio of 0.56. Lattice Semiconductor has a 52-week low of $13.54 and a 52-week high of $31.79. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 91.44, a PEG ratio of 8.88 and a beta of 1.26.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Lattice Semiconductor had a return on equity of 18.32% and a net margin of 11.53%. The company had revenue of $100.60 million for the quarter, compared to the consensus estimate of $100.02 million. During the same quarter in the prior year, the business earned $0.15 EPS. Lattice Semiconductor’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts predict that Lattice Semiconductor will post 0.35 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in LSCC. Pearl River Capital LLC purchased a new position in shares of Lattice Semiconductor in the 1st quarter valued at approximately $67,000. Carroll Financial Associates Inc. purchased a new position in shares of Lattice Semiconductor in the 2nd quarter valued at approximately $73,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Lattice Semiconductor by 29.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,617 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 2,168 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Lattice Semiconductor in the 4th quarter valued at approximately $180,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Lattice Semiconductor by 5.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 11,207 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 591 shares during the last quarter.

Lattice Semiconductor Company Profile

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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