Lattice Semiconductor (NASDAQ:LSCC) Raised to Strong-Buy at Zacks Investment Research

Lattice Semiconductor (NASDAQ:LSCCGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Saturday, Zacks.com reports. The brokerage presently has a $56.00 price target on the semiconductor company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 17.03% from the stock’s previous close.

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. “

Other research analysts have also issued reports about the company. Susquehanna cut their price objective on Lattice Semiconductor from $68.00 to $58.00 in a report on Wednesday. StockNews.com assumed coverage on Lattice Semiconductor in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Rosenblatt Securities restated a “buy” rating and issued a $68.00 target price on shares of Lattice Semiconductor in a research note on Friday, February 11th. Craig Hallum lowered their target price on Lattice Semiconductor from $60.00 to $55.00 in a research note on Thursday. Finally, Susquehanna Bancshares upped their target price on Lattice Semiconductor from $67.00 to $68.00 in a research note on Wednesday, February 16th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $69.50.

Shares of NASDAQ:LSCC opened at $47.85 on Friday. The business’s 50-day moving average is $54.83 and its 200 day moving average is $64.46. Lattice Semiconductor has a 1 year low of $42.94 and a 1 year high of $85.45. The firm has a market capitalization of $6.58 billion, a P/E ratio of 59.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.84 and a quick ratio of 2.20.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its earnings results on Tuesday, May 3rd. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Lattice Semiconductor had a return on equity of 29.66% and a net margin of 20.58%. The company had revenue of $150.50 million for the quarter, compared to analyst estimates of $146.25 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, analysts expect that Lattice Semiconductor will post 1.01 EPS for the current year.

In other Lattice Semiconductor news, VP Stephen Douglass sold 959 shares of the stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $55.56, for a total transaction of $53,282.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Glenn O’rourke sold 949 shares of the stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $50.60, for a total value of $48,019.40. Following the transaction, the vice president now owns 31,702 shares in the company, valued at approximately $1,604,121.20. The disclosure for this sale can be found here. Insiders have sold 247,013 shares of company stock worth $14,495,889 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in LSCC. CWM LLC boosted its holdings in Lattice Semiconductor by 338.6% in the first quarter. CWM LLC now owns 557 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 430 shares during the period. Parallel Advisors LLC boosted its holdings in Lattice Semiconductor by 84.6% in the first quarter. Parallel Advisors LLC now owns 539 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 247 shares during the period. Prospera Financial Services Inc purchased a new position in Lattice Semiconductor in the first quarter valued at $39,000. Quadrant Capital Group LLC boosted its holdings in Lattice Semiconductor by 83.6% in the first quarter. Quadrant Capital Group LLC now owns 685 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 312 shares during the period. Finally, Covestor Ltd purchased a new position in Lattice Semiconductor in the fourth quarter valued at $44,000. 95.25% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Company Profile (Get Rating)

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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