Lattice Semiconductor Corp. (LSCC) Trading Down 1.9%
Lattice Semiconductor Corp. (NASDAQ:LSCC)’s share price dropped 1.9% on Friday . The company 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.
LSCC has been the subject of a number of recent research 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 reiterated a “buy” rating and set a $7.50 price objective on shares of Lattice Semiconductor Corp. in a research note on Thursday, April 14th. Zacks Investment Research upgraded Lattice Semiconductor Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Finally, TheStreet upgraded 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.06.
The firm’s market capitalization is $724.64 million. The firm’s 50-day moving average is $5.71 and its 200 day moving average is $5.52.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last issued its earnings results on Monday, May 9th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $96.50 million for the quarter, compared to analyst estimates of $97.88 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts forecast that Lattice Semiconductor Corp. will post $0.33 earnings per share for the current year.
In other Lattice Semiconductor Corp. news, VP Byron Wayne Milstead sold 10,992 shares of the company’s stock in a transaction 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 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 accessible through this hyperlink.
A number of institutional investors recently added to or reduced their stakes in the stock. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter.
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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