Lattice Semiconductor Corp. (LSCC) Stock Price Up 6.3%
Lattice Semiconductor Corp. (NASDAQ:LSCC)’s share price rose 6.3% during trading on Wednesday . The company traded as high as $6.28 and last traded at $6.25, with a volume of 1,147,561 shares. The stock had previously closed at $5.88.
LSCC has been the topic of a number of recent analyst reports. Craig Hallum lowered Lattice Semiconductor Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. FBR & Co reissued a “buy” rating and issued a $7.50 price objective on shares of Lattice Semiconductor Corp. in a research note on Thursday, April 14th. Zacks Investment Research raised Lattice Semiconductor Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Finally, TheStreet raised Lattice Semiconductor Corp. from a “sell” rating to a “hold” rating in a research note on Monday, May 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Lattice Semiconductor Corp. presently has a consensus rating of “Hold” and a consensus price target of $7.06.
The firm’s market cap is $738.95 million. The company has a 50-day moving average price of $5.70 and a 200-day moving average price of $5.52.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last announced its earnings results on Monday, May 9th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $96.50 million for the quarter, compared to the consensus estimate of $97.88 million. Lattice Semiconductor Corp.’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. On average, equities research analysts expect that Lattice Semiconductor Corp. will post $0.33 EPS for the current year.
In other news, VP Byron Wayne Milstead sold 10,992 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $5.27, for a total transaction of $57,927.84. Following the transaction, the vice president now owns 14,015 shares in the company, valued at $73,859.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
A number of institutional investors recently bought and sold shares of LSCC. Rhumbline Advisers raised its position in Lattice Semiconductor Corp. by 3.7% in the fourth quarter. Rhumbline Advisers now owns 158,417 shares of the company’s stock worth $1,025,000 after buying an additional 5,615 shares during the period. California State Teachers Retirement System raised its position in Lattice Semiconductor Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 216,469 shares of the company’s stock worth $1,401,000 after buying an additional 3,843 shares during the period. Finally, Paradigm Capital Management Inc. NY raised its position in Lattice Semiconductor Corp. by 1.9% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 2,007,400 shares of the company’s stock worth $12,988,000 after buying an additional 37,600 shares during the period.
Lattice Semiconductor Corporation is engaged in providing connectivity solutions. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property and semiconductor devices, and Qterics, a software-as-a-service business unit in the Lattice legal entity structure.
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