Lattice Semiconductor Corp. (LSCC) Sees Unusually-High Trading Volume
Lattice Semiconductor Corp. (NASDAQ:LSCC) shares saw an uptick in trading volume on Tuesday . 1,505,290 shares changed hands during trading, an increase of 18% from the previous session’s volume of 1,276,968 shares.The stock last traded at $6.20 and had previously closed at $6.12.
A number of brokerages have issued reports on LSCC. Robert W. Baird restated an “outperform” rating and set a $8.00 target price on shares of Lattice Semiconductor Corp. in a research report on Thursday, August 11th. Zacks Investment Research cut shares of Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th. TheStreet upgraded shares of Lattice Semiconductor Corp. from a “sell” rating to a “hold” rating in a research report on Monday, May 9th. Finally, Jefferies Group lifted their target price on shares of Lattice Semiconductor Corp. from $6.50 to $6.75 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $7.00.
The stock’s market capitalization is $748.60 million. The firm’s 50-day moving average price is $5.94 and its 200-day moving average price is $5.70.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.12. The company had revenue of $99.20 million for the quarter, compared to analyst estimates of $100.07 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts forecast that Lattice Semiconductor Corp. will post $0.19 EPS for the current year.
An institutional investor recently raised its position in Lattice Semiconductor Corp. stock. Rhumbline Advisers boosted its position in Lattice Semiconductor Corp. (NASDAQ:LSCC) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 158,417 shares of the company’s stock after buying an additional 5,615 shares during the period. Rhumbline Advisers owned 0.13% of Lattice Semiconductor Corp. worth $1,025,000 as of its most recent filing with the SEC.
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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