Lattice Semiconductor (NASDAQ:LSCC) had its price target increased by Cowen from $33.00 to $36.00 in a research report released on Wednesday, Briefing.com Automated Import reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.
LSCC has been the topic of several other reports. Susquehanna Bancshares boosted their target price on shares of Lattice Semiconductor from $25.00 to $32.00 in a report on Tuesday, June 30th. William Blair reiterated a buy rating on shares of Lattice Semiconductor in a report on Monday, June 29th. Zacks Investment Research upgraded shares of Lattice Semiconductor from a sell rating to a hold rating in a report on Tuesday, June 30th. TheStreet lowered shares of Lattice Semiconductor from a b- rating to a c+ rating in a report on Tuesday, April 28th. Finally, Benchmark upped their price objective on shares of Lattice Semiconductor from $23.00 to $30.00 and gave the stock a buy rating in a report on Thursday, June 4th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $32.43.
Shares of NASDAQ LSCC opened at $31.09 on Wednesday. Lattice Semiconductor has a 12-month low of $13.54 and a 12-month high of $31.79. The stock has a market cap of $4.19 billion, a PE ratio of 69.09, a P/E/G ratio of 8.88 and a beta of 1.26. The company has a current ratio of 3.40, a quick ratio of 2.88 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $28.82 and a 200 day moving average of $22.54.
Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $100.60 million for the quarter, compared to analyst estimates of $100.02 million. Lattice Semiconductor had a net margin of 11.53% and a return on equity of 18.32%. Lattice Semiconductor’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. On average, sell-side analysts forecast that Lattice Semiconductor will post 0.35 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Lattice Semiconductor by 4.3% during the 1st quarter. BlackRock Inc. now owns 10,456,269 shares of the semiconductor company’s stock worth $186,331,000 after buying an additional 427,442 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Lattice Semiconductor by 35.7% during the 1st quarter. Franklin Resources Inc. now owns 4,164,161 shares of the semiconductor company’s stock worth $74,206,000 after buying an additional 1,095,783 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Lattice Semiconductor by 51.1% during the 1st quarter. Victory Capital Management Inc. now owns 4,121,808 shares of the semiconductor company’s stock worth $73,451,000 after buying an additional 1,393,153 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Lattice Semiconductor by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 2,130,994 shares of the semiconductor company’s stock worth $37,974,000 after buying an additional 48,120 shares in the last quarter. Finally, Norges Bank acquired a new stake in Lattice Semiconductor during the 4th quarter worth approximately $33,195,000.
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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