Lattice Semiconductor Corp. (LSCC) Stock Price Up 6.3%
Lattice Semiconductor Corp. (NASDAQ:LSCC) was up 6.3% during trading on Wednesday . The stock traded as high as $6.28 and last traded at $6.25, with a volume of 1,147,561 shares trading hands. The stock had previously closed at $5.88.
A number of brokerages have recently issued reports on LSCC. Zacks Investment Research raised Lattice Semiconductor Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 20th. TheStreet raised Lattice Semiconductor Corp. from a “sell” rating to a “hold” rating in a report on Monday, May 9th. FBR & Co reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Lattice Semiconductor Corp. in a report on Thursday, April 14th. Finally, Craig Hallum lowered Lattice Semiconductor Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.06.
The company’s market capitalization is $741.33 million. The firm’s 50 day moving average is $5.68 and its 200 day moving average is $5.51.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). During the same period last year, the firm earned $0.03 earnings per share. The company had revenue of $96.50 million for the quarter, compared to analysts’ expectations of $97.88 million. Lattice Semiconductor Corp.’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts expect 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 business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $5.27, for a total transaction of $57,927.84. Following the completion of the transaction, the vice president now directly owns 14,015 shares in the company, valued at $73,859.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Several hedge funds and institutional investors have recently modified their holdings of LSCC. Paradigm Capital Management Inc. NY increased its position in shares of 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. Rhumbline Advisers increased its position in shares of 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. Finally, California State Teachers Retirement System increased its position in shares of 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.
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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