Lattice Semiconductor Corp (NASDAQ:LSCC) Receives $31.00 Average PT from Analysts

Lattice Semiconductor Corp (NASDAQ:LSCC) has received a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $34.00.

Several research firms have issued reports on LSCC. BidaskClub lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, July 24th. Cowen raised their price objective on shares of Lattice Semiconductor from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday. Zacks Investment Research raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, June 30th. Rosenblatt Securities raised their price objective on shares of Lattice Semiconductor from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of Lattice Semiconductor from $23.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Lattice Semiconductor by 4.3% during the 1st quarter. BlackRock Inc. now owns 10,456,269 shares of the semiconductor company’s stock valued at $186,331,000 after purchasing an additional 427,442 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Lattice Semiconductor by 35.7% during the 1st quarter. Franklin Resources Inc. now owns 4,164,161 shares of the semiconductor company’s stock valued at $74,206,000 after purchasing an additional 1,095,783 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Lattice Semiconductor by 51.1% during the 1st quarter. Victory Capital Management Inc. now owns 4,121,808 shares of the semiconductor company’s stock valued at $73,451,000 after purchasing an additional 1,393,153 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Lattice Semiconductor by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 2,130,994 shares of the semiconductor company’s stock valued at $37,974,000 after purchasing an additional 48,120 shares during the last quarter. Finally, Norges Bank bought a new position in Lattice Semiconductor during the 4th quarter valued at about $33,195,000.

NASDAQ LSCC opened at $31.09 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.40 and a quick ratio of 2.88. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 91.44, a P/E/G ratio of 8.87 and a beta of 1.26. The company’s fifty day moving average is $28.82 and its two-hundred day moving average is $22.54. Lattice Semiconductor has a 52-week low of $13.54 and a 52-week high of $31.79.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $100.60 million for the quarter, compared to analyst estimates of $100.02 million. Lattice Semiconductor had a net margin of 11.53% and a return on equity of 18.32%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. As a group, sell-side analysts expect that Lattice Semiconductor will post 0.35 earnings per share for the current fiscal year.

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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Analyst Recommendations for Lattice Semiconductor (NASDAQ:LSCC)

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