Lattice Semiconductor (NASDAQ:LSCC) had its price target increased by equities researchers at Jefferies Financial Group to $10.50 in a research report issued to clients and investors on Wednesday, The Fly reports. Jefferies Financial Group’s price objective points to a potential downside of 0.94% from the company’s current price.
Several other research firms also recently issued reports on LSCC. $1 raised shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and increased their price objective for the company from $8.00 to $11.00 in a report on Wednesday. Susquehanna Bancshares raised shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $11.00 price objective on the stock in a report on Wednesday. BidaskClub raised shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 12th. ValuEngine raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, December 6th. Finally, Zacks Investment Research raised shares of Lattice Semiconductor from a “sell” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Saturday, December 29th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $9.61.
Get Lattice Semiconductor alerts:LSCC traded up $2.42 during midday trading on Wednesday, hitting $10.60. 14,780,682 shares of the company traded hands, compared to its average volume of 1,588,656. The company has a quick ratio of 3.07, a current ratio of 4.00 and a debt-to-equity ratio of 1.00. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 53.00, a PEG ratio of 2.16 and a beta of 1.35. Lattice Semiconductor has a 52-week low of $5.05 and a 52-week high of $10.71.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $96.00 million for the quarter, compared to the consensus estimate of $95.10 million. Lattice Semiconductor had a negative net margin of 6.64% and a positive return on equity of 8.68%. The firm’s revenue was up .7% on a year-over-year basis. On average, research analysts forecast that Lattice Semiconductor will post 0.24 EPS for the current year.
In other Lattice Semiconductor news, VP Esam Elashmawi bought 20,000 shares of Lattice Semiconductor stock in a transaction dated Monday, November 26th. The stock was acquired 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 $113,200. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Robert Anderson bought 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average price of $5.67 per share, with a total value of $56,700.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $56,700. The disclosure for this purchase can be found here. 2.83% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Pearl River Capital LLC acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $81,000. GSA Capital Partners LLP increased 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 worth $96,000 after purchasing an additional 2,872 shares during the last quarter. Pitcairn Co. acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $144,000. Finally, Jane Street Group LLC acquired a new stake in Lattice Semiconductor during the second quarter worth about $152,000. Institutional investors and hedge funds own 92.54% of the company’s stock.
Lattice Semiconductor Company Profile
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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