Lattice Semiconductor (LSCC) Raised to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a buy rating to a strong-buy rating in a report released on Saturday morning.

LSCC has been the topic of several other reports. Zacks Investment Research cut shares of Lattice Semiconductor from a hold rating to a sell rating in a research report on Wednesday, December 5th. Robert W. Baird upgraded shares of Lattice Semiconductor from a neutral rating to an outperform rating in a research report on Friday, December 14th. Craig Hallum set a $9.00 price target on shares of Lattice Semiconductor and gave the stock a hold rating in a research report on Wednesday, October 3rd. Finally, ValuEngine upgraded shares of Lattice Semiconductor from a hold rating to a buy rating in a research report on Thursday, December 6th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $8.69.

Shares of Lattice Semiconductor stock opened at $7.25 on Friday. The company has a current ratio of 4.00, a quick ratio of 3.07 and a debt-to-equity ratio of 1.00. Lattice Semiconductor has a 52 week low of $5.05 and a 52 week high of $8.90. The stock has a market capitalization of $958.48 million, a price-to-earnings ratio of 49.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Lattice Semiconductor had a negative net margin of 6.64% and a positive return on equity of 8.68%. The firm had revenue of $101.48 million for the quarter, compared to analysts’ expectations of $101.50 million. As a group, analysts predict that Lattice Semiconductor will post 0.24 earnings per share for the current year.

In other Lattice Semiconductor news, VP Byron Wayne Milstead sold 9,910 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $5.81, for a total transaction of $57,577.10. Following the sale, the vice president now owns 23,063 shares in the company, valued at approximately $133,996.03. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Esam Elashmawi acquired 20,000 shares of the business’s stock in a transaction on Monday, November 26th. The shares were bought at an average price of $5.66 per share, for a total transaction of $113,200.00. Following the acquisition, the vice president now owns 20,000 shares in the company, valued at approximately $113,200. The disclosure for this purchase can be found here. 2.83% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in Lattice Semiconductor during the 3rd quarter worth about $172,000. Jane Street Group LLC acquired a new stake in Lattice Semiconductor during the 2nd quarter worth about $152,000. Prudential Financial Inc. raised its holdings in Lattice Semiconductor by 100.0% during the 3rd quarter. Prudential Financial Inc. now owns 26,301 shares of the semiconductor company’s stock worth $210,000 after buying an additional 13,150 shares during the period. Ibex Investors LLC acquired a new stake in Lattice Semiconductor during the 3rd quarter worth about $215,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Lattice Semiconductor by 205.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 36,184 shares of the semiconductor company’s stock worth $237,000 after buying an additional 24,339 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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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