Zacks Investment Research Lowers Lattice Semiconductor (LSCC) to Sell

Zacks Investment Research cut shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a sell rating in a research report released on Thursday morning.

According to Zacks, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs. “

Several other research firms have also commented on LSCC. Jefferies Group upgraded shares of Lattice Semiconductor from a hold rating to a buy rating and set a $7.00 price target on the stock in a research report on Wednesday, October 18th. BidaskClub lowered shares of Lattice Semiconductor from a hold rating to a sell rating in a research report on Saturday, December 2nd. Finally, ValuEngine lowered shares of Lattice Semiconductor from a hold rating to a sell rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $7.00.

Shares of Lattice Semiconductor (NASDAQ:LSCC) opened at $5.51 on Thursday. Lattice Semiconductor has a 52 week low of $5.05 and a 52 week high of $7.55. The company has a current ratio of 2.20, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The business had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.53 million. Lattice Semiconductor had a positive return on equity of 0.48% and a negative net margin of 18.28%. During the same quarter in the previous year, the company earned $0.10 EPS. equities research analysts expect that Lattice Semiconductor will post 0.22 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its position in Lattice Semiconductor by 7.5% during the second quarter. Amalgamated Bank now owns 15,815 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,102 shares during the period. Jane Street Group LLC acquired a new stake in Lattice Semiconductor during the third quarter valued at $107,000. Ellington Management Group LLC acquired a new stake in Lattice Semiconductor during the fourth quarter valued at $143,000. Aperio Group LLC grew its position in Lattice Semiconductor by 57.2% during the fourth quarter. Aperio Group LLC now owns 27,677 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 10,070 shares during the period. Finally, Alambic Investment Management L.P. acquired a new stake in Lattice Semiconductor during the fourth quarter valued at $180,000. Institutional investors own 84.70% of the company’s stock.

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About Lattice Semiconductor

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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Zacks Investment Research Lowers Lattice Semiconductor (LSCC) to Sell

Zacks Investment Research downgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a sell rating in a research report released on Thursday morning.

According to Zacks, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs. “

LSCC has been the topic of several other reports. BidaskClub downgraded shares of Lattice Semiconductor from a hold rating to a sell rating in a report on Saturday, December 2nd. Jefferies Group reaffirmed a buy rating and set a $7.00 price objective on shares of Lattice Semiconductor in a report on Friday, November 10th. Finally, ValuEngine downgraded shares of Lattice Semiconductor from a hold rating to a sell rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Lattice Semiconductor has an average rating of Hold and an average price target of $7.00.

Lattice Semiconductor (NASDAQ:LSCC) opened at $5.51 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.20 and a quick ratio of 1.60. Lattice Semiconductor has a twelve month low of $5.05 and a twelve month high of $7.55.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The company had revenue of $95.27 million for the quarter, compared to analysts’ expectations of $94.53 million. Lattice Semiconductor had a negative net margin of 18.28% and a positive return on equity of 0.48%. During the same period in the previous year, the business earned $0.10 earnings per share. equities research analysts forecast that Lattice Semiconductor will post 0.22 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Amalgamated Bank lifted its stake in shares of Lattice Semiconductor by 7.5% in the second quarter. Amalgamated Bank now owns 15,815 shares of the semiconductor company’s stock worth $105,000 after buying an additional 1,102 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Lattice Semiconductor in the third quarter worth about $107,000. Ellington Management Group LLC purchased a new position in shares of Lattice Semiconductor in the fourth quarter worth about $143,000. Aperio Group LLC lifted its stake in shares of Lattice Semiconductor by 57.2% in the fourth quarter. Aperio Group LLC now owns 27,677 shares of the semiconductor company’s stock worth $160,000 after buying an additional 10,070 shares in the last quarter. Finally, Alambic Investment Management L.P. purchased a new position in shares of Lattice Semiconductor in the fourth quarter worth about $180,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/18/zacks-investment-research-lowers-lattice-semiconductor-lscc-to-sell.html.

Lattice Semiconductor Company Profile

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.

Get a free copy of the Zacks research report on Lattice Semiconductor (LSCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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