Lattice Semiconductor Corp (NASDAQ:LSCC) – Investment analysts at Dougherty & Co boosted their FY2019 earnings per share (EPS) estimates for Lattice Semiconductor in a research note issued on Wednesday, May 1st, Zacks Investment Research reports. Dougherty & Co analyst C. Anderson now expects that the semiconductor company will earn $0.37 per share for the year, up from their previous forecast of $0.29.
Several other research firms also recently commented on LSCC. Jefferies Financial Group upped their price objective on shares of Lattice Semiconductor to $10.50 in a report on Wednesday, February 13th. Zacks Investment Research raised shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a report on Friday, May 3rd. raised shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and upped their price objective for the company from $8.00 to $11.00 in a report on Wednesday, February 13th. ValuEngine raised shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Finally, Susquehanna Bancshares raised shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $11.00 price objective on the stock in a report on Wednesday, February 13th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $11.80.LSCC stock opened at $13.66 on Thursday. The firm has a market capitalization of $1.83 billion, a PE ratio of 62.09, a price-to-earnings-growth ratio of 3.29 and a beta of 1.39. The company has a current ratio of 4.10, a quick ratio of 3.13 and a debt-to-equity ratio of 0.97. Lattice Semiconductor has a 12 month low of $5.37 and a 12 month high of $14.93.
Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.95%. The company had revenue of $98.09 million for the quarter, compared to analyst estimates of $96.01 million. During the same quarter in the previous year, the company posted $0.05 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year.
In related news, Director Mark Edwin Jensen sold 4,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $12.56, for a total transaction of $50,240.00. Following the sale, the director now directly owns 67,434 shares of the company’s stock, valued at $846,971.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Byron Wayne Milstead sold 41,911 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $12.32, for a total transaction of $516,343.52. Following the sale, the vice president now directly owns 54,296 shares in the company, valued at $668,926.72. The disclosure for this sale can be found here. Insiders have sold 85,180 shares of company stock worth $999,721 over the last three months. 0.78% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in LSCC. Prudential Financial Inc. lifted its holdings in Lattice Semiconductor by 14.4% during the fourth quarter. Prudential Financial Inc. now owns 30,082 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 3,781 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Lattice Semiconductor by 34.5% during the fourth quarter. Brown Advisory Inc. now owns 112,359 shares of the semiconductor company’s stock valued at $778,000 after purchasing an additional 28,812 shares in the last quarter. Vanguard Group Inc lifted its holdings in Lattice Semiconductor by 8.7% during the third quarter. Vanguard Group Inc now owns 11,291,967 shares of the semiconductor company’s stock valued at $90,335,000 after purchasing an additional 899,669 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in Lattice Semiconductor during the fourth quarter valued at $15,861,000. Finally, Norges Bank purchased a new position in Lattice Semiconductor during the fourth quarter valued at $10,998,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.
About Lattice Semiconductor
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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