Lattice Semiconductor Corp (NASDAQ:LSCC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs. “
Lattice Semiconductor Corp (NASDAQ:LSCC) opened at 6.80 on Wednesday. Lattice Semiconductor Corp has a one year low of $4.89 and a one year high of $7.99. The company’s 50-day moving average is $6.94 and its 200 day moving average is $6.99. The company’s market capitalization is $827.89 million.
Lattice Semiconductor Corp (NASDAQ:LSCC) last announced its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.03. The business earned $118.10 million during the quarter, compared to analyst estimates of $126.70 million. Lattice Semiconductor Corp had a negative net margin of 22.28% and a negative return on equity of 5.57%. During the same quarter last year, the firm posted ($0.04) EPS. On average, equities analysts anticipate that Lattice Semiconductor Corp will post $0.34 earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC boosted its position in shares of Lattice Semiconductor Corp by 18.4% in the third quarter. Aperio Group LLC now owns 31,286 shares of the semiconductor company’s stock worth $203,000 after buying an additional 4,853 shares during the period. TD Asset Management Inc. acquired a new position in shares of Lattice Semiconductor Corp during the third quarter worth $173,000. Sei Investments Co. boosted its position in shares of Lattice Semiconductor Corp by 8.2% in the third quarter. Sei Investments Co. now owns 466,455 shares of the semiconductor company’s stock worth $3,027,000 after buying an additional 35,390 shares during the period. BlackRock Advisors LLC boosted its position in shares of Lattice Semiconductor Corp by 897.6% in the third quarter. BlackRock Advisors LLC now owns 564,493 shares of the semiconductor company’s stock worth $3,664,000 after buying an additional 507,908 shares during the period. Finally, BlackRock Investment Management LLC boosted its position in shares of Lattice Semiconductor Corp by 2.3% in the third quarter. BlackRock Investment Management LLC now owns 450,388 shares of the semiconductor company’s stock worth $2,923,000 after buying an additional 10,239 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Lattice Semiconductor Corp Company Profile
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.
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