Lattice Semiconductor Corp. (LSCC) Stock Price Down 1.9%
Lattice Semiconductor Corp. (NASDAQ:LSCC) shares traded down 1.9% during trading on Friday . The stock traded as low as $6.00 and last traded at $6.08, with a volume of 627,137 shares trading hands. The stock had previously closed at $6.20.
Several research analysts have recently issued reports on LSCC shares. Zacks Investment Research upgraded shares of Lattice Semiconductor Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 20th. TheStreet upgraded shares of Lattice Semiconductor Corp. from a “sell” rating to a “hold” rating in a report on Monday, May 9th. FBR & Co reiterated a “buy” rating and set a $7.50 price target on shares of Lattice Semiconductor Corp. in a report on Thursday, April 14th. Finally, Craig Hallum downgraded shares of Lattice Semiconductor Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.06.
The firm’s market cap is $724.64 million. The firm has a 50 day moving average of $5.71 and a 200 day moving average of $5.52.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.01) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). During the same period last year, the business posted $0.03 earnings per share. The business earned $96.50 million during the quarter, compared to the consensus estimate of $97.88 million. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that Lattice Semiconductor Corp. will post $0.33 EPS for the current year.
In related news, VP Byron Wayne Milstead sold 10,992 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $5.27, for a total value of $57,927.84. Following the completion of the transaction, the vice president now directly owns 14,015 shares of the company’s stock, valued at approximately $73,859.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of hedge funds and institutional investors have added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY increased 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 valued at $12,988,000 after buying an additional 37,600 shares during the period. Rhumbline Advisers increased 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 valued at $1,025,000 after buying an additional 5,615 shares during the period. Finally, California State Teachers Retirement System increased 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 valued at $1,401,000 after buying an additional 3,843 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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