Craig Hallum Reiterates “Hold” Rating for Lattice Semiconductor Corporation (LSCC)
Lattice Semiconductor Corporation (NASDAQ:LSCC)‘s stock had its “hold” rating reissued by equities research analysts at Craig Hallum in a research note issued to investors on Thursday. They presently have a $6.00 target price on the semiconductor company’s stock, down from their prior target price of $8.30. Craig Hallum’s price target would indicate a potential upside of 9.89% from the company’s previous close.
Separately, BidaskClub lowered Lattice Semiconductor Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Lattice Semiconductor Corporation currently has a consensus rating of “Hold” and a consensus price target of $6.83.
Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) opened at 5.46 on Thursday. The stock has a 50 day moving average of $6.00 and a 200-day moving average of $6.64. Lattice Semiconductor Corporation has a 52-week low of $5.40 and a 52-week high of $7.99. The stock’s market capitalization is $671.42 million.
Lattice Semiconductor Corporation (NASDAQ:LSCC) last announced its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $94.14 million for the quarter, compared to analysts’ expectations of $105.60 million. Lattice Semiconductor Corporation had a negative net margin of 9.50% and a positive return on equity of 3.95%. Analysts predict that Lattice Semiconductor Corporation will post $0.13 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the company. First Interstate Bank increased its stake in shares of Lattice Semiconductor Corporation by 1.7% during the first quarter. First Interstate Bank now owns 30,453 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 500 shares during the period. Principal Financial Group Inc. grew its stake in Lattice Semiconductor Corporation by 2.3% in the first quarter. Principal Financial Group Inc. now owns 22,916 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 510 shares during the last quarter. Amalgamated Bank grew its stake in Lattice Semiconductor Corporation by 7.5% in the second quarter. Amalgamated Bank now owns 15,815 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,102 shares during the last quarter. Legal & General Group Plc grew its stake in Lattice Semiconductor Corporation by 2.7% in the second quarter. Legal & General Group Plc now owns 43,266 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in Lattice Semiconductor Corporation by 2.2% in the first quarter. Pinnacle Associates Ltd. now owns 87,750 shares of the semiconductor company’s stock valued at $607,000 after purchasing an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 87.15% of the company’s stock.
About Lattice Semiconductor Corporation
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.
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