A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Inflarx from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Lattice Semiconductor in a report on Monday, May 20th. Finally, Cowen lowered their price target on TherapeuticsMD from $16.00 to $9.00 and set an “outperform” rating on the stock in a report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. Lattice Semiconductor has an average rating of “Buy” and a consensus target price of $12.39.
Shares of LSCC opened at $16.62 on Friday. The business’s 50-day moving average is $14.08. The stock has a market cap of $2.19 billion, a PE ratio of 57.31, a price-to-earnings-growth ratio of 3.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.01 and a quick ratio of 3.06. Lattice Semiconductor has a 52-week low of $5.38 and a 52-week high of $17.02.
Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $98.09 million for the quarter, compared to analysts’ expectations of $96.01 million. Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. As a group, research analysts predict that Lattice Semiconductor will post 0.39 earnings per share for the current year.
In other Lattice Semiconductor news, VP Byron Wayne Milstead sold 3,632 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $12.14, for a total value of $44,092.48. Following the sale, the vice president now owns 12,385 shares of the company’s stock, valued at approximately $150,353.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Edwin Jensen sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $14.38, for a total value of $57,520.00. Following the completion of the sale, the director now directly owns 85,697 shares in the company, valued at approximately $1,232,322.86. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of Lattice Semiconductor by 157.3% during the 1st quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 3,091 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $72,000. Bank of Montreal Can increased its position in shares of Lattice Semiconductor by 226.5% during the 1st quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 4,231 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $81,000. Finally, GSA Capital Partners LLP increased its position in shares of Lattice Semiconductor by 26.2% during the 4th quarter. GSA Capital Partners LLP now owns 13,845 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,872 shares during the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.
Lattice Semiconductor Company Profile
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.
Featured Article: Catch-Up Contributions
Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.