Lattice Semiconductor Corp (LSCC) Receives $8.44 Average PT from Brokerages

Lattice Semiconductor Corp (NASDAQ:LSCC) has earned an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $8.44.

LSCC has been the topic of a number of research analyst reports. Dougherty & Co initiated coverage on shares of Lattice Semiconductor in a report on Thursday, June 28th. They set a “buy” rating and a $10.00 price objective on the stock. BidaskClub upgraded shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective on the stock in a report on Saturday, August 11th. ValuEngine upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Finally, Robert W. Baird raised their price objective on shares of Lattice Semiconductor from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, July 30th.

Shares of NASDAQ:LSCC traded up $0.06 during midday trading on Monday, reaching $7.73. 2,623 shares of the company were exchanged, compared to its average volume of 1,098,589. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $8.40. The company has a quick ratio of 2.35, a current ratio of 3.11 and a debt-to-equity ratio of 1.15. The firm has a market cap of $970.98 million, a price-to-earnings ratio of 85.11, a PEG ratio of 2.30 and a beta of 1.65.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Lattice Semiconductor had a negative net margin of 19.67% and a positive return on equity of 5.21%. research analysts expect that Lattice Semiconductor will post 0.27 earnings per share for the current fiscal year.

In related news, CFO Maxwell J. Downing sold 118,860 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $8.13, for a total value of $966,331.80. Following the completion of the transaction, the chief financial officer now owns 44,458 shares of the company’s stock, valued at $361,443.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Glen Hawk sold 20,929 shares of the firm’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $8.05, for a total transaction of $168,478.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,352 shares of company stock valued at $1,184,623. 2.79% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Lattice Semiconductor by 2.2% in the second quarter. BlackRock Inc. now owns 7,774,585 shares of the semiconductor company’s stock valued at $51,001,000 after purchasing an additional 167,472 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Lattice Semiconductor by 7.0% during the 1st quarter. Franklin Resources Inc. now owns 4,876,153 shares of the semiconductor company’s stock worth $27,160,000 after buying an additional 319,712 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Lattice Semiconductor by 442.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,470,318 shares of the semiconductor company’s stock worth $8,190,000 after buying an additional 1,199,151 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Lattice Semiconductor by 5.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 663,920 shares of the semiconductor company’s stock worth $3,699,000 after buying an additional 34,687 shares during the period. Finally, First Washington CORP bought a new stake in shares of Lattice Semiconductor during the 2nd quarter worth about $4,277,000. 87.24% of the stock is owned by institutional investors and hedge funds.

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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