Lattice Semiconductor (LSCC) Rating Increased to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a strong-buy rating in a research note issued to investors on Saturday. Zacks Investment Research currently has $8.75 target price on the semiconductor company’s stock.

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. “

Several other analysts have also recently commented on LSCC. BidaskClub cut Lattice Semiconductor from a hold rating to a sell rating in a research report on Monday, May 14th. ValuEngine upgraded Lattice Semiconductor from a sell rating to a hold rating in a research report on Monday, June 11th. Dougherty & Co assumed coverage on Lattice Semiconductor in a research report on Thursday, June 28th. They set a buy rating and a $10.00 price target on the stock. Finally, Robert W. Baird lifted their price target on Lattice Semiconductor from $6.00 to $8.00 and gave the company a neutral rating in a research report on Monday, July 30th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $7.95.

LSCC traded down $0.10 during trading hours on Friday, hitting $7.56. The company’s stock had a trading volume of 1,707,432 shares, compared to its average volume of 1,629,759. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $7.98. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.11 and a quick ratio of 3.07. The stock has a market cap of $970.98 million, a P/E ratio of 85.11, a P/E/G ratio of 2.19 and a beta of 1.67.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Thursday, August 9th. The semiconductor company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. Lattice Semiconductor had a positive return on equity of 5.21% and a negative net margin of 19.67%. equities analysts anticipate that Lattice Semiconductor will post 0.27 EPS for the current year.

In other news, CFO Maxwell J. Downing sold 6,563 shares of Lattice Semiconductor stock in a transaction on Monday, August 6th. The stock was sold at an average price of $7.59, for a total transaction of $49,813.17. Following the transaction, the chief financial officer now directly owns 36,212 shares in the company, valued at approximately $274,849.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.79% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trexquant Investment LP grew its holdings in shares of Lattice Semiconductor by 157.4% in the 1st quarter. Trexquant Investment LP now owns 117,685 shares of the semiconductor company’s stock worth $656,000 after acquiring an additional 71,973 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Lattice Semiconductor by 25.1% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 48,261 shares of the semiconductor company’s stock worth $269,000 after acquiring an additional 9,687 shares during the last quarter. Barclays PLC grew its holdings in shares of Lattice Semiconductor by 137.6% in the 1st quarter. Barclays PLC now owns 46,442 shares of the semiconductor company’s stock worth $259,000 after acquiring an additional 26,895 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Lattice Semiconductor by 122.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 697,869 shares of the semiconductor company’s stock worth $4,034,000 after acquiring an additional 384,596 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Lattice Semiconductor by 82.6% in the 4th quarter. Deutsche Bank AG now owns 716,402 shares of the semiconductor company’s stock worth $4,138,000 after acquiring an additional 324,058 shares during the last quarter. Institutional investors and hedge funds own 86.92% 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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